Can you do questions 8 and 9 , please

DUE DATE: May 28 The Grilton Tire Company manufactures racing tires for bicycles. Grilton sells tires for $50 each Grilton is planning for next year by developing a master budget by quarters. Grilton's balance sheet for December 31, 2016 follows: GRILTON TIRE COMPANY Balance Sheet December 31, 2016 Assets Current Assets: Cash Accounts Receivable Raw Materials Inventory Finished Goods Inventory Total Current Assets $ 39,000 40,000 2,400 8.700 $ 90,100 Property, Plant and Equipment: Equipment Less: Accumulated Depreciation 177,000 42.000 135,000 $225.100 Total Assets Current Liabilities: Accounts Payable $8,000 Stockholder's Equity Common Stock, no par Retained Earnings $ 130,000 87.100 Total Stockholder's Equity Total Liabilities and Stockholder's Equity 217100 $225.100