PLEASE FILL IN RED BOXES

B.) prepare a budgeted income statement for 2016.

C. Prepare a budgeted balance sheet at December 31, 2016.

I need A, B, and C answered. Thanks.

Problem 23-6A (Part Level Submission) Krause Industries' balance sheet at December 31, 2016, is presented below KRAUSE INDUSTRIES Balance Sheet December 31, 2016 Assets Current Assets Cash Accounts receivable Finished goods inventory (1,500 units) $7,500 73,500 25,720 106,720 Total current assets Property, Plant, and Equipment Equipment Less: Accumulated depreciation $40,340 10,240 30,100 $136,820 Total assets Liabilities and Stockholders' Equity Liabilities Notes payable Accounts payable $27,220 47,250 74,470 Total liabilities Stockholders' Equity $34,840 27,510 Common stock Retained earnings 62,350 $136,820 Total stockholders' equity Total liabilities and stockholders' equity