Question Help de: Berkson, Inc. has the following balance sheet at December 31, 2018 (Click the icon to view the balance sheet.) Berkson projects the following transactions for 2019: (Click the icon to view the transactions.) Prepare a budgeted balance sheet for Berkson, Inc. for December 31, 2019 (Hint: It may be helpful to trace the effects of each transaction on the accounting equation to determine the ending balance of each account.) Begin by completing the accounting equation for the 2019 transactions. (Use a minus sign or parentheses to enter account reductions and contra asset balances and activity. If an input field is not used in the equation leave the input field empty, do not enter a zero. Abbreviation used) Cash AR RM Inv. + FG Inv. + Equip (AD) AP CS RE Dec 31, 2018 Sales on acct + - + + + + Cash recpts + Purch RM . + Pmts on act RM used + Direct labor . + + + . Lini lo Depr + . COGS S and A Jou it !! Purch equip Dio 31, 2010 Proparo a budgetod balance sheet for Barkoon, Ine. for December 31, 2010 Prep may deter Berkson, Inc. has the following balance sheet at December 31, 2018: (Click the icon to view the balance sheet.) Berkson projects the following transactions for 2019: (Click the icon to view the transactions.) Prepare a budgeted balance sheet for Berkson, Inc. for December 31, 2019. Berkson, Inc. Budgeted Balance Sheet December 31, 2019 Assets Current Assets: Total Current Assets Property, Plant, and Equipment Eink Total Assets Liabilities Current Liabilities: ou til Stockholders' Equity ic Total Stockholders' Equity Total Liabilities and Stockholders' Equity Choose from any list or enter any number in the input fields and then continue to the next questi X Inc 0 Data Table lactic Berkson, Inc. Balance Sheet December 31, 2018 Assets Current Assets; Cash 2,300 1,100 100 1,050 Accounts Receivable Raw Materials Inventory Finished Goods Inventi Total Current Assets Property. Plant, and Equipment: Equipment Less: Accumulated Depreciation 4,550 11,000 (1,200) 9,800 $ Total Assets 14,350 Liabilities abil Current Liabilities: Accounts Payable 1.900 Stockholders' Equity holda $ 7.000 5,450 Common Stock, no par Retained Earrings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 12.450 14,350 Equity any nur Print Done eet at December 31, 2018: eet.) as for 2019: Prepare a budgeted balance sheet for Berksor may be helpful to trace the effects of each tran determine the ending balance of each account ms.) arkson, Inc. for December 31, 2019. at More Info 3 at Sales on account, $19,000 Cash receipts from customers from sales on account, $15,800 Purchase of raw materials on account, $2,500 Payments on account, $2,000 Total cost of completed products, $12,650, which includes the following: Raw materials used, $2,500 Direct labor costs incurred and paid, $4,100 Manufacturing overhead costs incurred and paid, $5,500 Depreciation on manufacturing equipment, $550 Cost of goods sold, $11.400 Selling and administrative costs incurred and paid, $3,500 Purchase of equipment, paid in 2019. $2,100 abilit olders Print Done Equity y number in the input fields and then continue to the next question 12. otv Question Help de: Berkson, Inc. has the following balance sheet at December 31, 2018 (Click the icon to view the balance sheet.) Berkson projects the following transactions for 2019: (Click the icon to view the transactions.) Prepare a budgeted balance sheet for Berkson, Inc. for December 31, 2019 (Hint: It may be helpful to trace the effects of each transaction on the accounting equation to determine the ending balance of each account.) Begin by completing the accounting equation for the 2019 transactions. (Use a minus sign or parentheses to enter account reductions and contra asset balances and activity. If an input field is not used in the equation leave the input field empty, do not enter a zero. Abbreviation used) Cash AR RM Inv. + FG Inv. + Equip (AD) AP CS RE Dec 31, 2018 Sales on acct + - + + + + Cash recpts + Purch RM . + Pmts on act RM used + Direct labor . + + + . Lini lo Depr + . COGS S and A Jou it !! Purch equip Dio 31, 2010 Proparo a budgetod balance sheet for Barkoon, Ine. for December 31, 2010 Prep may deter Berkson, Inc. has the following balance sheet at December 31, 2018: (Click the icon to view the balance sheet.) Berkson projects the following transactions for 2019: (Click the icon to view the transactions.) Prepare a budgeted balance sheet for Berkson, Inc. for December 31, 2019. Berkson, Inc. Budgeted Balance Sheet December 31, 2019 Assets Current Assets: Total Current Assets Property, Plant, and Equipment Eink Total Assets Liabilities Current Liabilities: ou til Stockholders' Equity ic Total Stockholders' Equity Total Liabilities and Stockholders' Equity Choose from any list or enter any number in the input fields and then continue to the next questi X Inc 0 Data Table lactic Berkson, Inc. Balance Sheet December 31, 2018 Assets Current Assets; Cash 2,300 1,100 100 1,050 Accounts Receivable Raw Materials Inventory Finished Goods Inventi Total Current Assets Property. Plant, and Equipment: Equipment Less: Accumulated Depreciation 4,550 11,000 (1,200) 9,800 $ Total Assets 14,350 Liabilities abil Current Liabilities: Accounts Payable 1.900 Stockholders' Equity holda $ 7.000 5,450 Common Stock, no par Retained Earrings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 12.450 14,350 Equity any nur Print Done eet at December 31, 2018: eet.) as for 2019: Prepare a budgeted balance sheet for Berksor may be helpful to trace the effects of each tran determine the ending balance of each account ms.) arkson, Inc. for December 31, 2019. at More Info 3 at Sales on account, $19,000 Cash receipts from customers from sales on account, $15,800 Purchase of raw materials on account, $2,500 Payments on account, $2,000 Total cost of completed products, $12,650, which includes the following: Raw materials used, $2,500 Direct labor costs incurred and paid, $4,100 Manufacturing overhead costs incurred and paid, $5,500 Depreciation on manufacturing equipment, $550 Cost of goods sold, $11.400 Selling and administrative costs incurred and paid, $3,500 Purchase of equipment, paid in 2019. $2,100 abilit olders Print Done Equity y number in the input fields and then continue to the next question 12. otv