Question Help Prepare a budgeted balance sheet for Harari, 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.) Harari, Inc. has the following balance sheet at December 31, 2018: B (Click the icon to view the balance sheet.) Harari projects the following transactions for 2019: (Click the icon to view the transactions.) 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. Abbreviations used.) Cash + A/R + RM Inv. + FG Inv. + Equip. + (A/D) = A/P + CS + RE Dec. 31, 2018 + + + + + = + + Sales on acct. + + + + + = + + Cash recpts. + + + + + + Purch. RM + + + + + Pmts on acct. + + + + RM used + + + + + + + Direct labor + + + + + Mfg. OH + + + + + II + + Depr. + + + + COGS + + + + + + S and A + + + + + + Purch. equip. + + 101 + + + + IIII Dec. 31, 2019 + + + + + Prepare a budgeted balance sheet for Harari, Inc. for December 31, 2019. Harari, Inc. Budgeted Balance Sheet December 31, 2019 Assets Current Assets: Total Current Assets Property, Plant, and Equipment Total Assets Liabilities Current Liabilities: Stockholders' Equity 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 question. Data Table X Harari, Inc. Balance Sheet December 31, 2018 Assets Current Assets: Cash $ 2,800 Accounts Receivable 1,500 Raw Materials Inventory 400 Finished Goods Inventory 1,950 Total Current Assets 6,650 Property, Plant, and Equipment: Equipment 17,000 Less: Accumulated Depreciation (2,500) 14,500 $ Total Assets 21,150 Liabilities Current Liabilities: Accounts Payable 2,000 Stockholders' Equity Common Stock, no par 4,000 15,150 Retained Earnings Total Stockholders' Equity 19,150 $ Total Liabilities and Stockholders' Equity 21,150 Print Done i More Info - Sales on account, $19,000 Cash receipts from customers from sales on account, $20,200 Purchase of raw materials on account, $5,000 Payments on account, $2,000 Total cost of completed products, $13,750, which includes the following: Raw materials used, $2,000 Direct labor costs incurred and paid, $5,400 Manufacturing overhead costs incurred and paid, $5,500 Depreciation on manufacturing equipment, $850 Cost of goods sold, $13,400 Selling and administrative costs incurred and paid, $4,500 Purchase of equipment, paid in 2019, $1,500 Print Done