$1$

Problem $7-8$AA $($Algo$)$ Merchandising: Preparation of a complete master budget LO P$4$

Dimsdale Sports, a merchandising company, reports the following balance sheet at December $31.$

$\backslash$table$[[$DIMSDALE SPOETS COHPANY$],[$Balance Sheet Decenber $31],[$Assets$],[$$ $21,000],[$Ifrventory$,,520,060],[,,95,000],[$Equipment$,\backslash$table$[[$$