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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 $30$th is shown below:

Beech Corporation

Balance Sheet

June $30$

Assets

Cash $ $76,000$

Accounts receivable $137,000$

Inventory $86,100$

Plant and equipment, net of depreciation $230,000$

Total assets $ $529,100$

Liabilities and Stockholders$$ Equity

Accounts payable $ $91,000$

Common stock $312,000$

Retained earnings $126,100$

Total liabilities and stockholders$$ equity $ $529,100$

Beech$$s managers have made the following additional assumptions and estimates: