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 Cash Accounts receivable Inventory Plant and equipment, net of depreciation $95,000 142,000 54,000 225,000 Total assets $516,000 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings $86,000 332,000 98,000 Total liabilities and stockholders' equity $516,000