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 Accumulated 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 Credit $ 50,200 120,200 64,200 125,200 $ 25,200 34,200 22,200 200,500 58,300 520,200 360,200 8,200 10,200 122,200 $860,600 $860,600 Exercise 20-29A (Algo) Merchandising: Preparing a budgeted balance sheet LO P4 The ending year balance of Retained Earnings was $77,700 on December 31. Prepare Lamonte Company's budgeted balance sheet as of December 31, LAMONTE COMPANY Budgeted Balance Sheet December 31 Assets Total Assets Liabilities