Table 3 BEGINNING BALANCE SHEET Kyle's Kayaks Balance Sheet As of 1717'! 1 Cash $10,000 Accounts Receivable 632,000 Inventory - RM ($300 x 33) 26,400 Inventory - FG 26,902 Property, Plant, and Equipment 200,000 Less: Accumulated Depreciation 40,000! Total Assets m Accounts Payable Hulls $129,431 Seats M Total Liabilities $157,427 Retained Earnings 697,875 Total Liabilities and Retained Earnings M Table 2 FIXED S&A EXPESNES PER QUARTER Advertising $5,000 Executive Salaries $250,000 Insurance $8,000 Property Taxes $7,000 Depreciation $5,000 \f