Goldstein, Inc. has the following balance sheet at December 31, 2014:

Goldstein projects the following transactions for 2015:
Sales on account, $ 20,000
Cash receipts from customers from sales on account, $ 18,500
Purchase of raw materials on account, $ 6,000
Payments on account, $ 6,500
Total cost of completed products, $ 16,000, which includes the following:
Raw materials used, $ 6,200
Direct labor cost incurred and paid, $ 4,500
Manufacturing overhead costs incurred and paid, $ 4,800
Depreciation on manufacturing equipment, $ 500
Cost of goods sold, $ 16,500
Selling and administrative costs incurred and paid, $ 3,000
Purchase of equipment, paid in 2015, $ 2,000
Prepare a budgeted balance sheet for Goldstein, Inc. for December 31, 2015.

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GOLDSTEIN, INC. Balance Sheet December 31, 2014 Assets Current Assets: Cagh Accounts Recelvable Raw Materials Irwentory hnished Goods inventory Total Current Assets s 2,500 1,000 500 1.250 5,250 Property, lant, and Equipment: Equipment Less: Accumulated Depreciation 10,000 (2,000) 8,000 Total Assets 13,250 Liabilities Current Liablities: Accounts Payable S 1,500 Stockholders' Equity s 8,000 3,750 Common Stock Retained Earnings Total Stockholders' Equity Total Liablities and Stockholders Equity 11,750 13,250