File Edit View History Bookmarks Window Help (S) [-' 8 ?100% KI, Tue 7:58 PM Cash P827 0 Help Save& Exit Submit Check my work Deacon Company is a merchandising company that is preparing a budget for the three-month period ended June 30th. The following information is available 20 points Deacon Balance Sheet Assets Cash Accounts receivable Inventory 55,400 41,200 53,200 Buildings and equipment, net of depreclation180-000 Total assets 329,800 Liabilicies and stoekholders' Equity Accounts payable Conmon stoek Retained earnings s 143,500 0,000 Total 1iabilities and stockholdersequity 329,800 tatenents May June sales Cost of goods sold Gross margin selling and administrative expensen 20:300 Net operating incone $144,000 $154,000 ?174,000 57,600 1,600 9,600 24 800 Prev oNext