Norah, the sole stockholder of Ted Inc., runs a home-cleaning service in the suburb of a large city. Her balance sheet as at April 30, 2019 is as follows: Ted Inc. Balance Sheet As at April 30, 2019 Assets Cash $4,200 $19,000 Accounts Receivable Equipment Accumulated Depreciation $9,700 $-1,100 $31,800 Total Assets Liabilities Accounts Payable $4,800 Notes Payable $12,500 Total Liabilities $17.300 Stockholder's Equity $14,500 Total Liabilities & Stockholder's Equity $31,800 w In the upcoming year. Norah expects the following events to occurs Total revenues of $24,000 and total expenses of $14,110 100% of accounts receivable from the prior year will be collected in the following year x Contact us! Credit sales will represent 43% of revenues for the year . No principal payments will be made on the bank loan during 2019 Purchase of new equipment for $1,900. The entire purchase will be financed through a bank loan Expect to have a cash balance of $22,100 at the end of fiscal 2020 Depreciate assets by $930 during 2020 Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. Prepare Ted Inc.'s budgeted balance sheet as at April 30, 2020. Ted Inc. Budgeted Balance Sheet As at April 30, 2020 Assets Cash $ 22100 Accounts Receivable 1$ Equipment S Accumulated Depreciation $ Total Assets S Liabilities m Contact us! Equipment $ Accumulated Depreciation $ Total Assets $ I Liabilities Accounts Payable $ Notes Payable $ Total Liabilities EA Stockholder's Equity $ Total Liabilities & Stockholder's Equity S