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PLEASE HELP ME FILL IN THE YELLOW BOXES ONLY - THANK YOU!! CCC begin{tabular}{|c|c|c|} hline multicolumn{3}{|c|}{ Evergreen Company } hline multicolumn{3}{|l|}{ Balance Sheet }
PLEASE HELP ME FILL IN THE YELLOW BOXES ONLY - THANK YOU!!
CCC \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Evergreen Company } \\ \hline \multicolumn{3}{|l|}{ Balance Sheet } \\ \hline \multicolumn{3}{|c|}{ December 31,2020} \\ \hline \multicolumn{3}{|l|}{ Assets } \\ \hline Cash & 46,200 & \\ \hline Accounts Receivable & 260,000 & \\ \hline Raw Materials Inventory (4,500 yards) & 11,250 & \\ \hline Finsihed Goods Inventory (1,500 units) & 32,250 & \\ \hline Total Current Assets & & $349,700 \\ \hline \multicolumn{3}{|l|}{ Plant and Equipment: } \\ \hline Buildings and Equipment & 900,000 & \\ \hline Accumulated depreciation & (292,000) & \\ \hline Plant and Equipment, net & & 608,000 \\ \hline Total Assets & & 957,700 \\ \hline \multicolumn{3}{|l|}{ Liabilities and Stockholder's Equity } \\ \hline \multicolumn{3}{|l|}{ Current Liabilities: } \\ \hline Accounts Payable & & $158,000 \\ \hline \multicolumn{3}{|l|}{ Stockholders' Equity: } \\ \hline Common Stock & 419,800 & \\ \hline Retained Earnings & 379,900 & \\ \hline Total Stockholders' Equity & & 799,700 \\ \hline Total Liabilities and Stockholders' Equity & & 957,700 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{ Sales Budget } & \\ \hline \multicolumn{6}{|c|}{ For the Year Ended Decemer 31, 2021} & \\ \hline & 1st Quarter & 2nd Quarter & 3rd Quarter & 4th Quarter & Year & 1st quarter of 2022 \\ \hline Budgeted units sales & 12,000 & 37,000 & 15,000 & 25,000 & 89,000 & \\ \hline Selling Price per unit & 32.00 & 32.00 & 32.00 & 32.00 & 32.00 & \\ \hline Sales & $384,000 & $1,184,000 & $480,000 & 800,000 & $2,848,000 & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline \multicolumn{6}{|c|}{ Schedule of Expected Cash Collections } & \\ \hline Beginning accounts receivable & 260,000 & & & & 260,000 & \\ \hline First-quarter sales & 288,000 & 96,000 & & & 384,000 & \\ \hline Second-quarter sales & & 888,000 & 296,000 & & 1,184,000 & \\ \hline Third-quarter sales & & & 360,000 & 120,000 & 480,000 & \\ \hline Fourth-quarter sales & & & & 600,000 & 600,000 & \\ \hline Total cash collections & 548,000 & 984,000 & 656,000 & 720,000 & 2,908,000 & \\ \hline \end{tabular}Step by Step Solution
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