Wheeling Company is a merchandiser that provided a balance sheet as of September 30 as shown below. Wheeling Company Balance Sheet September 30 Assets Cash Accounts receivable Inventory Buildings and equipment, net of depreciation Total assets Liabilities and Stockholders' Equity Common stock Accounts payable Retained earnings Total liabilities and stockholders' equity $ 77,800 134,000 62,100 284,000 $ 557,900 $ 225,900 216,000 116,000 $ 557,900 The company is in the process of preparing a budget for October and has assembled the following data: 1. Sales are budgeted at $460,000 for October and $470,000 for November. Of these sales, 35% will be for ca be credit sales. Forty percent of a month's credit sales are collected in the month the sales are made, and the