nework: Chapter M7 Homework ion list estion 1 estion 2 estion 3 uestion 4 K Sosa Company has the following post-closing trial balance on December 31, 2024: (Click the icon to view the post-closing trial balance.) The company's accounting department has gathered the following budgeting information for the first quarter of 2025: (Click the icon to view the budgeting information) Requirement 2. Prepare Sosa Company's budgeted balance sheet as of March 31, 2025. Question 4, PM7-40A (similar to) Part 2 of 2 Sosa Company Budgeted Balance Sheet March 31, 2025 Assets Current Assets: Cash Accounts Receivable Raw Materials Inventory Finished Goods Inventory Total Current Assets Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation Total Assets a Additional information: Direct materials purchases are paid 60% in the quarter purchased and 40% in the next quarter. HW Score: 66.67%, 3.33 of 5 points Points: 0.67 of 2 b. Save Direct labor, manufacturing overhead, selling and administrative costs, and income tax expense are paid in the quarter incurred. Accounts payable at December 31, 2024 are paid in the first quarter of 2025. Read the requirements. C

Sosa Conseny has the tollowing posteloung vie balance on Decenber 31, 2024. Col quater of 2025 Addiconal informeten 2. Deset matesas porchases are paid 60% in the quarter purthased and 40% in the eat quarter: en eapense are ged in the qualer nourred. Rent the seouremess Sosa Conseny has the tollowing posteloung vie balance on Decenber 31, 2024. Col quater of 2025 Addiconal informeten 2. Deset matesas porchases are paid 60% in the quarter purthased and 40% in the eat quarter: en eapense are ged in the qualer nourred. Rent the seouremess