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 $ 71,000 Accounts receivable 131,000 Inventory 45,500 Plant and equipment, net' of depreciation 215,000 Total assets $462,500 Liabilities and Stockholders' Equity Accounts payable $ 76,000 Common stock 307,000 Retained earnings 79,500 Total liabilities and stockholders' equity $462,500 Beech's managers have made the following additional assumptions and estimates: 1 Estimated sales for lul. Aucut. Sentember and October will be $260.000 $280.000 $270.000 and $290.000 respectively