need help with budgeted balance sheet, everything else is correct

Cinrich operates a computer training center. The following data relate to the preparation of a master budget for January 2021. 1. At the end of 2020, the company's general ledger indicated the following balances: Debits Credits Cash $ 66,000 Accounts Payable $ 42,000 Accounts receivable 37,800 Note payable 60,000 Equipment (net): 111,000 Common stock 32,000 Retained earnings 80,800 Total $ 214,800 $ 214,800 2. 3. 4. Tuition revenue in December 2020 was $84,000, and tuition revenue budgeted for January 2021 is $100,000. 55 percent of tuition revenue is collected in the month earned, and 45 percent is collected in the subsequent month. The receivable balance at the end of 2020 reflects tuition earned in December 2020. Monthly expenses (excluding interest expense) are budgeted as follows: salaries, $52,000; rent, $4,300; depreciation on