Sarah, the sole stockholder of Barnie Inc., runs a home-cleaning service in the suburb of a large city. Her balance sheet as at May 31, 2019 is as follows:

Barnie Inc. Balance Sheet As at May 31, 2019
Assets
Cash	$4,200
Accounts Receivable	$18,900
Equipment	$9,100
Accumulated Depreciation	$-2,800
Total Assets	$29,400
Liabilities
Accounts Payable	$4,200
Notes Payable	$11,000
Total Liabilities	$15,200
Stockholder's Equity	$14,200
Total Liabilities & Stockholder's Equity	$29,400

In the upcoming year, Sarah expects the following events to occur:

• Total revenues of $23,000 and total expenses of $8,810
• 100% of accounts receivable from the prior year will be collected in the following year
• Credit sales will represent 55% of revenues for the year
• 100% of accounts payable owing from 2019 will be paid off in 2020
• By the end of May, 2020, Barnie will owe its suppliers $3,400
• No principal payments will be made on the bank loan during 2019
• Purchase of new equipment for $2,800. The entire purchase will be financed through a bank loan
• Expect to have a cash balance of $24,400 at the end of fiscal 2020
• Depreciate assets by $560 during 2020

Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. Prepare Barnie Inc.'s budgeted balance sheet as at May 31, 2020.

Barnie Inc. Budgeted Balance Sheet As at May 31, 2020
Assets
Cash	$Answer
Accounts Receivable	$Answer
Equipment	$Answer
Accumulated Depreciation	$Answer
Total Assets	$Answer
Liabilities
Accounts Payable	$Answer
Notes Payable	$Answer
Total Liabilities	$Answer
Stockholder's Equity	$Answer
Total Liabilities & Stockholder's Equity	$Answer