Q4

Required information [The following information applies to the questions displayed below.] Beech Corporation is a merchandising company that is preparing a master budget for the third quarter of the calendar year. The company's balance sheet as of June 30th is shown below: Beech Corporation Balance Sheet June 30 Assets Cash Accounts receivable Inventory Plant and equipment, net of depreciation Total assets $85,000 141,000 83,250 226,000 535,250 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings $ 87,000 350,000 98,250 535,250 Total liabilities and stockholders' equity