LO8-9, LO8-10] Wolfpack Company is a merchandising company that is preparing a budget for the month of July. It has provided the following information: Assets Wolfpack Company Balance Sheet June 30 Cash Accounts receivable Inventory Buildings and equipment, net of depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity Budgeting Assumptions: $ 77,600 58,200 41,800 176,000 $ 353,600 $ 46,600 100,000 207,000 $ 353,600