Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Lamonte Company reports the following budgeted December 31 adjusted trial balance. Cash Accounts receivable Merchandise inventory Equipment Ac ulated depreciation-Equipment Accounts payable Loan payable Common stock Retained earnings (beginning year balance) Sales Cost of goods sold Loan interest expense Depreciation expense Salaries expense Totals Debit $ 51,200 121,200 65,200 126,200 Credit $ 26,200 35,200 23,200 203,000 59,800 521,200 361,200 9,200 11,200 123,200 $ 868,600 $ 868,600 Exercise 20-29A (Algo) Merchandising: Preparing a budgeted balance sheet LO P4 The ending year balance of Retained Earnings was $76,200 on December 31. Prepare Lamonte Company's budgeted balance sheet as of December 31.

Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Lamonte Company reports the following budgeted December 31 adjusted trial balance. Exercise 20-29A (Algo) Merchandising: Preparing a budgeted balance sheet LO P4 The ending year balance of Retained Earnings was $76,200 on December 31. Prepare Lamonte Company's budgeted balance sheet as of December 31 as of December 31 . The ending year balance of Retained Earnings was $76,200 on December 31. Prepare Lamonte Company's budgeted balance sheet as of December 31