tes 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 Total assets. Liabilities and Stockholders' Equity Accounts payable Common stock. Retained earnings Total liabilities and stockholders' equity $94,000 145,000 59,400 222,000 $520,400 $83,000 331,000 106,400 $520,400 D Beech's managers have made the following additional assumptions and estimates: