The LEGO Group manufactures toy building block sets for children. LEGO is planning for 2022 by developing a master budget by quarters. LEGO's balance sheet for December 31, 2021, follows: The LEGO Group Balance Sheet December 31, 2021 Assets Current Assets: Cash 58,000 Accounts Receivable 22,000 Raw Material Inventory 1,200 Fnished Goods Invneotry 5,400 Total current assets 86,600 Property, plant and Equipment: Equipment 142,000 Less: Accumulated Depreciation (47,000) 95,000 Total Assets 181,600 Liabilities Current liabilities: Accounts payable Stockholders' equity 8,000 Common stock, no par Retained Earnings 120,000 53,600 Total Stockholders' Equity 173,600 Total liabilites and stockholders' Equity 181,600 Other budget data for the LEGO Group: a. Budgeted sales are 1,400 sets for the first quarter and expected to increase by 150 sets per quarter. Cash sales are expected to be 30% of total sales, with the remaining 70% of sales on