based off this information please fully calculate the retained earnings and capital stock for the end of the quater

Osborne Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Osborne Manufacturing's operations: Current assets as of December 31 (prior year): Cash 4,250 Accounts receivable, net $ 60,500 Inventory $ 12,042 Property, plant, and equipment, net 145,060 10 Accounts payable 49.600 Capital stock 140,315 2Retained earnings 42.660 13 Actual sales in December were $75,625. Selling price per unit is projected to remain 15 stable at $20 per unit throughout the budget period. Sales for the first five months 16 of the upcoming year are budgeted to be as follows: 17 January $ 92,600 18 February $ 121,000 19 March $ 110,300 20 April $ 1 21 May $ 129,800 22 23 b Sales are 20% cash and 80% credit. All credit sales are collected in the month following the sale. 26 PD Osborne Manufacturing has a policy that states that each month's ending inventory of finished goods should be 25% of the following month's sales (in units). 30 Of each month's direct material purchases, 30% are paid for in the month of purchase, while the remainder is paid for in the month following purchase. Five kilograms of direct material is needed per unit at $2. 10 per kilogram. Ending inventory of direct materials should be 40% of next month's production needs. Monthly manufacturing conversion costs are $4,200 for factory rent, $3,200 for other fixed manufacturing expenses, and $1. 10 per unit for variable manufacturing overhead. No depreciation is included in these figures. All expenses are paid in the month in which they are incurred. Computer equipment for the administrative offices will be purchased in the upcoming quarter. In January, Osborne Manufacturing will purchase equipment for $5,800 (cash), while February's cash expenditure will be $14,200, and March's cash expenditure will be $17,800. Operating expenses are budgeted to be $1. 25 per unit sold plus fixed operating expenses of $1,800 per month. All operating expenses are paid in the month in which they are incurred. Depreciation on the building and equipment for the general and administrative offices is budgeted to be $5,000 for the entire quarter, which includes depreciation on new acquisitions. Osborne Manufacturing has a policy that the ending cash balance in each month must be at least $4,000. The company has a line of credit with a local bank. It can borrow in increments of $1,000 at the beginning of each month, up to a total outstanding loan balance of $80,000. The interest rate on these loans is 3% pe month simple interest (not compounded). Osborne Manufacturing pays down the line of credit balance if it has excess funds at the end of the quarter. The company also pays the accumulated interest at the end of the quarter on the funds borrowed during the quarter. The company's income tax rate is projected to be 16% of operating income less interest expense. The company pays $11,250 cash at the end of February in estimated taxes