Sarah, the sole stockholder of Ted Inc., runs a home-cleaning service in the suburb of a large city. Her balance sheet as at April 30, 2008 is as follows: Ted Inc. Balance Sheet As at April 30, 2008 Assets Cash $4,600 Accounts Receivable $17,200 Equipment $8,100 Accumulated Depreciation $-1,100 Total Assets $28,800 Liabilities Accounts Payable $3,100 Bank Loan $11,400 Total Liabilities $14,500 Stockholder's Equity $14,300 Total Liabilities & Stockholder's Equity $28,800 In the upcoming year, Sarah expects the following events to occur: Total revenues of $23,000 and total expenses of $13,270 100% of accounts receivable from the prior year will be collected in the following year Credit sales will represent 43% of revenues for the year 100% of accounts payable owing from 2008 will be paid off in 2009 By the end of April, 2009, Ted will owe its suppliers $3,800 No principal payments will be made on the bank loan during 2008 Purchase of new equipment for $2,100. The entire purchase will be financed through a bank loan Expect to have a cash balance of $23,200 at the end of fiscal 2009 Depreciate assets by $860 during 2009 Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. Prepare Ted Inc.'s budgeted balance sheet as at April 30, 2009. Ted Inc. Budgeted Balance Sheet As at April 30, 2009 Assets Cash $ Answer Accounts Receivable $ Answer Equipment $ Answer Accumulated Depreciation $ Answer Total Assets $ Answer Liabilities Accounts Payable $ Answer Bank Loan $ Answer Total Liabilities $ Answer Stockholder's Equity $ Answer Total Liabilities & Stockholder's Equity $ Answer