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 $ 73,000 125,000 56,000 221,000 $475,000 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings $ 82,000 309,000 84,000 $475,000 Total liabilities and stockholders' equity