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Dorah, the sole shareholder of Mad Dog Food Truck, runs a food truck in the suburb of a large city. Her balance sheet as at July $31,2020$ is as follows:

Mad Dog Food Truck

Balance Sheet

As at July $31,2020$

Assets

Cash $$5,300$

Inventory $$2,900$

Equipment $$9,800$

Accumulated Depreciation $$-1,200$

Total Assets $$16,800$

Liabilities

Accounts Payable $$3,000$

Loan Payable $$6,800$

Total Liabilities $$9,800$

Shareholder's Equity $$7,000$

Total Liabilities & Shareholder's Equity $$16,800$

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

Total revenues of $$29,000$ and total expenses of $$9,570$

Inventory is expected to increase by $$1,300$

By the end of July, $2021,$ Mad Dog Food Truck will owe its suppliers $$3,200$

No principal payments will be made on the loan payable during $2021$

Purchase of new equipment for $$1,600.$ The entire purchase will be financed through a loan payable

Expect to have a cash balance of $$24,400$ at the end of fiscal $2021$

Depreciate assets by $$770$ during $2021$

Do not enter dollar signs or commas in the input boxes.

Use the negative sign for negative values.

Prepare Mad Dog Food Truck's budgeted balance sheet as at July $31,2021.$

Mad Dog Food Truck

Budgeted Balance Sheet

As at July $31,2021$

Assets

Cash $Answer

Inventory $Answer

Equipment $Answer

Accumulated Depreciation $Answer

Total Assets $Answer

Liabilities

Accounts Payable $Answer

Loan Payable $Answer

Total Liabilities $Answer

Shareholder's Equity $Answer

Total Liabilities & Shareholder's Equity $Answer