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Prepare a budgeted balance sheet for a company for the next quarter based on the following information: Cash $50,000, Accounts receivable $100,000, Inventory $150,000, Accounts

Prepare a budgeted balance sheet for a company for the next quarter based on the following information: Cash $50,000, Accounts receivable $100,000, Inventory $150,000, Accounts payable $80,000, and Owner's equity $220,000. Discuss how budgeted balance sheets aid in forecasting future financial positions, identifying financing needs, and guiding working capital management strategies.

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