Wheeling Company is a merchandiser that provided a balance sheet as of September 30 as shown below:

\fAssets Cash In 59,666 Accounts receivable 96,666 Inventor}.r 32,466 Buildings and equipment, net of depreciation 214,666 Total assets In 395,466 Liabilities and Etocldlolders.' Equityr Accounts payable 5 13,666 CCII'IJII stock 216,666 Retained earnings 166,466 Total liabilities and stockholders' equity $ 395,433 Prepare a budgeted balance sheet at October 31. Assume that 50% of a month's credit sales are collected in the month the sales are made and the remaining 50% is collected in the following month, (2) the ending merchandise inventory is always 10% of the following month's cost of goods sold, and (3) 20% of all purchases are paid for in the month of purchase and 80% are paid for in the following month. Show less A Wheeling Company Balance Sheet October 31 Assets Total assets Liabilities and Stockholders' Equity Total liabilities and stockholders' equity