Page of 3 ZooM The Grilton Tire Company manufactures racing tires for bicycles. Grilton sells tires for $50 each. Grilton is planning for next year by developing a master budget by quarters. Grilton's balance sheet for December 31, 2017 follows: GRILTON TIRE COMPANY Balance Sheet December 31, 2017 Assets Current Assets Cash Accounts Receivable Raw Materials Inventory Finished Goods Inventory Total Current Assets 39,000 40,000 2,400 8,700 90,100 Property, Plant and Equipment Equipment Less: Accumulated Depreciation 177,000 42,000 135,000 $225,100 Total Assets Liabilities Current Liabilities: Accounts Payable 8,000 Stockholder's Equ