Russell Company has the following projected account balances for June 30, 20X9:

Accounts payable

$60,000

Sales

$800,000

Accounts receivable

$100,000

Capital stock

$400,000

Depreciation, factory

$36,000

Retainedearnings

?

Inventories (5/31 & 6/30)

$180,000

Cash

$56,000

Direct materials used

$210,000

Equipment, net

$260,000

Office salaries

$92,000

Buildings, net

$400,000

Insurance, factory

$4,000

Utilities, factory

$16,000

Plant wages

$140,000

Selling expenses

$50,000

Bonds payable

$160,000

Maintenance, factory

$28,000

What would the budgeted income statement AND a budgeted balance sheet as of June 30, 20X9 look like?