Schedules of Expected Cash Collections and Disbursements; Income Statement, Balance Sheet [LO8-2, LO8-4, LO8-9, LO8-10] [The following information applies to the questions displayed below. Beech Corporation is a merchandising company that is preparing a master budget for the third quarter of the calendar year. The company's balance sheet as of June 30th is shown below: Beech Corporation Balance Sheet June 30 Assets Cash Accounts receivable Inventory Plant and equipment, net of depreciation $ 76,000 137,000 86,100 230,000 Total assets $529,100 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings $ 91,000 312,000 126,100 Total liabilities and stockholders' equity $529,100