IThe following Information appliles to the questions displayed belowj Beech Corporation Is a merchandising company that is preparing a master budget for the third quarter of the calendar year. The company's balance sheet as of June 30th Is shown below: Beech Corporation Balance Sheet June 30 Assets Cash Accounts recelvable Inventory Plant and equipment, net of depreclation $ 83,000 126,000 69,750 220,000 Total assets $498,750 Liabilities and Stockholders' Equity Accounts payable Common stock Retalned earnings $ 81,000 348,000 69,750 Total llablities and stockholders' equity $498,750