Illyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis. The following data have been assembled to aseist in preparing the master budget for the first quarter.

a$.$ As of December $31($the end of the prior quarter$),$ the company's general ledger showed the following account balances:

$\backslash$table$[[,$Debits,Credits$],[$Cash$,$$$64,000,],[$Accounts recoivable,$219,200,],[$Inventory$,61,350,],[$Buildings and equipment $($net$),374,000,],[$Accounte payable,,$$92,325$