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 $ 83,000 126,000 69,750 220,000 Cash Accounts receivable Plant and equipment, net of depreciation Total assets $498,750 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings $ 81,000 348,000 69,750 Total liabilities and stockholders' equity $498,750