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Durnev Corporation is amerchandising 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 Cash $ 91,666 Accounts receivable 133,666 Inventory 36,666 Plant and equipment, net of depreciation 213,666 Total assets $ 433,666 Liabilities and Stockholders' Equity Accounts payable $ T4,666 Commn stock. 328,666 Retained earnings T1,666 Total liabilities and stockholders' equity $ 4T3,E