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PLEASE HELP ME! IM STUCK! The Tay Toy Company manufactures toy building block sets for children. Taylor is planning for 2019 by developing a master

PLEASE HELP ME! IM STUCK! The Tay Toy Company manufactures toy building block sets for children. Taylor is planning for 2019 by developing a master budget by quarters. Taylor 's balance sheet for December 31, 2018, follows: image text in transcribed Other budget data for Toy Company:

image text in transcribed image text in transcribed image text in transcribed

Taylor Toy Company Balance Sheet December 31, 2018 Assets Current Assets Cash Accounts Receivable Raw Materials Inventory Finished Goods Inventory $60,000 18,000 3,300 19,250 Total Current Assets 100,550 Property, Plant, and Equipment Equipment 188,000 (39,000) 149,000 Less: Accumulated Depreciation 249,550 Total Assets Liabilities Current Liabilities Accounts Payable 16,000 Stockholders' Equity S 180,000 53,550 Common Stock, no par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 233,550 249,550 Taylor Toy Company Balance Sheet December 31, 2018 Assets Current Assets Cash Accounts Receivable Raw Materials Inventory Finished Goods Inventory $60,000 18,000 3,300 19,250 Total Current Assets 100,550 Property, Plant, and Equipment Equipment 188,000 (39,000) 149,000 Less: Accumulated Depreciation 249,550 Total Assets Liabilities Current Liabilities Accounts Payable 16,000 Stockholders' Equity S 180,000 53,550 Common Stock, no par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 233,550 249,550

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