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: Assets Beech Corporation Balance Sheet June 30 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 $ 80,000 135,000 41,250 211,000 $ 467,250 $ 72,000 345,000 50,250 $ 467,250