Surrent Assets: Cash Accounts Receivable Raw Materials Inventory Finished Goods Inventory Total Current Assets Property, Plant, and Equipment: EquipmentLess:AccumulatedDepreciation179,000(46,000)133,000 Total Assets Liabilities Current Liabilities: Accounts Payable Stockholders' Equity Common Stock $80,000 Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Budgeted total sales, all on account Budgeted direct materials to be purchased and used Budgeted direct labor cost Budgeted manufacturing overhead costs: Variable manufacturing overhead Depreciation Insurance and property taxes Budgeted cost of goods sold Budgeted selling and administrative expenses: Salaries expense Rent expense Insurance expense Depreciation expense Supplies expense Budgeted cash receipts from customers Budgeted income tax expense Budgeted purchase and payment for capital expenditures (additional equipment) 34,000 Data table