With their corresponding categories classify the following activities under quality costs and as per value chain:

1.Communication, pricing and channel management

2.Installation, repairs and replacement

3.Planning and management

4.Inputs in to final product

5.Infrastructure of the company

6.Design

7.Lost profit from lost sales from bad review

8.Unplanned replacement

9.Correction and customer support

10.Reprocessing waste

11.Accuracy check and supplier verification

12.Cost of rejected units

Apex Ltd acquired 10 percent of Santa Corporation on January 1, 2017, for $186,000 and appropriately accounted for the investment using the fair-value method. On January 1, 2018, Apex purchased an additional 30 percent of Santa for $661,000 which resulted in significant influence over Santa. On that date, the fair value of Santa's common stock was $2,030,000 in total.

Santa's January 1, 2018 book value equaled $1,880,000, although land was undervalued by $135,000. Any additional excess fair value over Santa's book value was attributable to a trademark with an 8-year remaining life. During 2018, Santa's reported income of $345,000 and declared and paid dividends of $100,000.

Prepare the 2018 journal entries for Apex related to its investment in Santa

Details of an business is as follows:

Cash......................................................................?

Accounts Receivable.........................$8100

Supplies Inventory..............................$3200

Equipment...........................................$34000

Accumulated Depreciation...........$16000

Accounts Payable................................$1800

Common Shares.................................$5000

Retained Earnings.........................................?

The beginning balance of retained earnings was $28,000, net income is budgeted to be $11,500, and dividends are budgeted to be $4,800.

Required:

Prepare the company's budgeted balance sheet