Homework: Chapter 22 Assignment Score: 1.67 of 5 pts 19 of 20 (20 compte) Hw score: 64.83%, 39.55 of 61 pts P22-40A (similar to) Question Haip Sharpa Company has the falowing past-clsing iall balance on Decamber 31, 2018 Additional information i Cick the lcon to view the post-closing trill balance Dract materials p chases ae paid 70% n quarter p chased and 30%inthe next The company's accounting daputment has gathdthe tollowing budgoting information forb. or,uring ovamaad seling and adminirative costs, and incomet ha frst quartor of 2019 expense are pad n the caror named a Accounts payable at Docmber 31, 2018 an paid in the fist quarter of 2019 Road the puinements i Cick the lcon to view the budgating intormation. Requirement 2.Propare Sharpe Company's budigod balanco shoot as af March 31, 2019 Bharpe Company Budgeted Balanoe Bheet Maroh 31, 2018 Accetc Data Tabla Cumant Assets Budgoted total salos, all on account 37,000 Budgoted diract labor co Accounts Racoivable Raw Matorials Inventory Finishad Goods Inventory Budgoted manufacturing overhaad cots arabla manufacturing ovamead 2 400 1,200 1,050 71,960 Insuranco and proparty s Property. Pant, and Equipmant Budgated anst of goods sold Budgoted saling and administrative cxpan Lass Accumulatod Dopraciation Salaries axpansn Rant expane Totall Acaats 4,500 ,000 Cument Liabi es Daprodiation axpans uppliasxpansa Accounts Payabla 8tookholderc Equity Common Stock Rotainod Eamings Budgoted cash acoipts from customar Budgotad income ta p Budgoted puche and paymant for capital 262,000 49,000 $ 100000 (additional oquipmant) Tota Shockholders' Equity Toal Liabiies and Stockholdars Equity Print Done Ento r any numbar in odit folds and then click Chack