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, 2010 is as follows:

Ted Inc. Balance Sheet As at April 30, 2010
Assets
Cash	$5,800
Accounts Receivable	$14,900
Equipment	$9,200
Accumulated Depreciation	$-2,300
Total Assets	$27,600
Liabilities
Accounts Payable	$3,500
Bank Loan	$11,700
Total Liabilities	$15,200
Stockholder's Equity	$12,400
Total Liabilities & Stockholder's Equity	$27,600

In the upcoming year, Norah expects the following events to occur:

• Total revenues of $22,000 and total expenses of $11,900
• 100% of accounts receivable from the prior year will be collected in the following year
• Credit sales will represent 40% of revenues for the year
• 100% of accounts payable owing from 2010 will be paid off in 2011
• By the end of April, 2011, Ted will owe its suppliers $3,700
• No principal payments will be made on the bank loan during 2010
• Purchase of new equipment for $2,600. The entire purchase will be financed through a bank loan
• Expect to have a cash balance of $22,900 at the end of fiscal 2011
• Depreciate assets by $700 during 2011

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, 2011.

Ted Inc. Budgeted Balance Sheet As at April 30, 2011
Assets
Cash	$Answer
Accounts Receivable	$Answer
Equipment	$Answer
Accumulated Depreciation	$Answer
Total Assets	$Answer
Liabilities
Accounts Payable	$Answer
Bank Loan	$Answer
Total Liabilities	$Answer
Stockholder's Equity	$Answer
Total Liabilities & Stockholder's Equity	$Answer