This is the prompt for both questions!!

PART ONE (Answered. Pleas use this information for Part Two)

PART TWO

Use this information for the questions IE-9 through IE-12 IThe following information applies to the questions displayed below Endless Mountain Company manufactures a single product that is popular with outdoor recreation enthusiasts. The company sells its product to retailers throughout the northeastern quadrant of the United States. It is in the process of creating a master budget for 2017 and reports a balance sheet at December 31, 2016 as follows: Endless Mountain Company Balance Sheet December 31, 2016 Assets Current assets Cash Accounts receivable (net) Raw materials inventory (4,500 yards) Finished goods inventory (1.500 units) s 46.200 260,000 11,250 32.250 $ 349,700 Total current assets Plant and equipment: Buildings and equipment 900.000 Accumulated depreciation Plant and equipment, net Total assets 608,000 $ 957,700 Liabilities and Stockholders' Equity Current liabilities: Accounts payable 158,000 Stockholders' equity 419,800 379,900 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders equity 799.700 5 957,700