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 $ 50,600 120,600 64,600 125,600 $ 25,600 34,600 22,600 201,500 58,900 360,600 8,600 520,600 10,600 122,600 $ 863,800 $ 863,800 Exercise 22-29A (Algo) Merchandising: Preparing a budgeted balance sheet LO P4 The ending year balance of Retained Earnings was $77100 on December 31. Prepare Lamonte Company's budgeted balance sheet as of December 31