Problem $8-31($Ago$)$ Completing i Master Budget $[$LOE$-2,$ LO$8-4,$ LOE$-7,$ LOE$-8,$ LOE$-9,$ LOE$-10]$ assembled to assist In preparing the master budget for the first quarter:

a$.$ As of Deciember $31$ phe end of the prior quarterh the compary's general ledger showed the following accourt balances:

$\backslash$table$[[,$Debits,Credits$],[$Cash$,$$$45,988,],[$Accounts recelvable,$204,908,],[$Imentery$,58,588,],[$Buituings and equipment $($net$),355,988,],[$Accounts payable,,i$)86,625],[$Camon stock,,$588,060],[$Retained earnings,,$75,875],[$$$600,508,(4662,500]]$

b$.$ Actual sales for December ard budgeted sales for the next four months are as follows:

$\backslash$table$[[$Decenter$($actual$),$$$255,000$