Required information [The following information applies to the questions displayed below.] 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 30th is shown below: Beech Corporation Balance Sheet June 30 Assets Cash Accounts receivable Inventory Plant and equipment, net of depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Common stock. Retained earnings Total liabilities and stockholders' equity $ 81,000 132,000 56,250 214,000 $ 483,250 $ 75,000 346,000 62,250 $ 483,250 Beech's managers have made the following additional assumptions and estimates: 1. Estimated sales for July, August September, and October will be $250,000 $270,000, $260,000, and $280.000, respectively.