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$[$The following information applies to the questions displayed below.$]$

Beech Corporation is a merchandising company that is preparing a master budget for the third quarter of the calendar year. The company's balance sheet as of June $30$th is shown below:

Beech Corporation

Balance Sheet

June $30$

Beech's managers have made the following additional assumptions and estimates:

Estimated sales for July, August, September, and October will be $$400,000,$$$420,000,$$$410,000,$ and $$430,000,$ respectively.

All sales are on credit and all credit sales are collected. Each month's credit sales are collected $35\%$ in the month of sale and $65\%$ in the month following the sale. All of the accounts receivable at June $30$ will be collected in July.

Each month's ending inventory must equal $25\%$ of the cost of next month's sales. The cost of goods sold is $75\%$ of sales. The company pays for $40\%$ of its merchandise purchases in the month of the purchase and the remaining $60\%$ in the month following the purchase. All of the accounts payable at June $30$ will be paid in July.

Monthly selling and administrative expenses are always $$56,000.$ Each month $$8,000$ of this total amount is depreciation expense and the remaining $$48,000$ relates to expenses that are paid in the month they are incurred.

The company does not plan to borrow money or pay or declare dividends during the quarter ended September $30.$ The company does not plan to issue any common stock or repurchase its own stock during the quarter ended September $30.$

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Prepare a balance sheet as of September $30.$

$\backslash$table$[[\backslash$table$[[$Beech Corporation$],[$Balance Sheet$],[$September $30]],],[$Assets$,],[$Cash$,],[$Accounts receivable,$],[$Inventory$,],[$Plant and equipment, net,$],[,],[,],[$Total assets,$],[$Liabilities and Stockholders' Equity,$],[$Accounts payable,$],[$Common stock,$],[$Retained earnings,$],[,],[,],[$Total liabilities and stockholders' equity,$]]$

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$[$The following information applies to the questions displayed below.$]$

Beech Corporation is a merchandising company that is preparing a master budget for the third quarter of the calendar year. The company's balance sheet as of June $30$th is shown below:

$\backslash$table$[[\backslash$table$[[$Beech Corporation$],[$Balance Sheet$],[$June $30]],],[$Assets$,],[$Cash$,$$$86,000$

Required: prepare a balance sheet as of september $30.$