Required information [The following information applies to the questions displayed below.] Lamonte Company reports the following budgeted December 31 adjusted trial balance. Cash Accounts receivable Merchandise inventory Equipment Accumulated depreciation-Equipment Accounts payable Loan payable Common stock Retained earnings (beginning year balance) Sales Cost of goods sold Loan interest expense Depreciation expense Salaries expense Totals Debit $ 51,600 Credit 121,600 65,600 126,600 $ 26,600 35,600 23,600 204,000 60,400 521,600 361,600 9,600 11,600 123,600 $ 871,800 $ 871,800 The ending year balance of Retained Earnings was $75,600 on December 31. Prepare Lamonte Company's budgeted balance sheet as of December 31.