Read the requirements Requirement 2. Prepare Huber Company's budgeted balance sheet as of March 31, 2019. Huber Company Budgeted Balance Sheet March 31, 2019 Assets Current Assets Cash 10000 Accounts Receivable Raw Materials Inventory Finished Goods Inventory Total Current Assets Property, Plant, and Equipment: Equipment Less Accumulated Depreciation Total Assets Liabilities Current Liabilities Accounts Payable Stockholders' Equity Common Stock 50000 Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Questo any has th 1 Data Table e icon to purchase nistrative ny's accoun for the first the icon to Budgeted total sales, all on account Budgeted direct materials to be purchased and used Budgeted direct labor cost Budgeted manufacturing overhead costs: Variable manufacturing overhead Depreciation 308,000 38,000 10,000 e first quar tent accumulated 2,300 500 1,100 71,600 iabilities: ants Payable Insurance and property taxes Budgeted cost of goods sold Budgeted selling and administrative expenses: Salaries expense Rent expense Insurance expense Depreciation expense Supplies expense Budgeted cash receipts from customers Stock Earnings 10,000 4,000 1,200 300 15.400 264,500 Stockholders abilities and Std i Data Table - X Huber Company has 2018 (Click the icon to purchased and 40% The company's accour information for the first (Click the icon to Inistrative costs, and 10.000 e first quarter of 2019. Equipment 2.300 500 1,100 71,600 Less: Accumulated Total Assets Budgeted direct labor cost Budgeted manufacturing overhead costs: Variable manufacturing overhead Depreciation Insurance and property taxes Budgeted cost of goods sold Budgeted selling and administrative expenses Salaries expense Rent expense Insurance expense Depreciation expense Supplies expense Budgeted cash receipts from customers Budgeted income tax expense Budgeted purchase and payment for capital expenditures (additional equipment) Current Liabilities: Accounts Payable Common Stock 10,000 4,000 1.200 300 15.400 264,500 45.000 42.000 Retained Earnings Total Stockholders to) (5 Total Liabilities and S Huber Company Credit Post-Closing Trial Balance December 31, 2018 Account Debit Cash 10,000 Accounts Receivable 20,000 Raw Materials Inventory 7,000 Finished Goods Inventory 25,300 Equipment 165,000 Accumulated Depreciation Accounts Payable Common Stock 65,000 8,000 50,000 104,300 Retained Earnings 227,300 $ 227,300 Totals