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 $90,000 136,000 62,000 210,000 $498,000 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings $71,100 327,000 99,900 $498,000 Total liabilities and stockholders' equity