information given:

Format in which information is needed:

PROBLEM 22-5B 2015, the management of Isle Corp., a merchandising company, prepared the oogle Chrome ated balance sheet for December 31, 2015. ISLE CORPORATION Estimated Balance Sheet 31-Dec-15 Assers Cash Accounts Receivable Irventory Total Current Assets Equipment 36,000 525,000 150,000 Accounts payable Bank loan Payable Taxes payable (due 3/15/2016) Total Liabilities Common Stock Retained Earnings 360,000 15,000 90,000 711,000 465,000 540,000 67,500 472,500 246,000 472,500Total Stockholders' equity 1,183,500 Total liabilities and equity 718,500 1,183,500 Equipment, net Total Assets To prepare the master budget for January, February and March of 2016, management gathers the following