PLEASE HELP!!! I need the budgeted balance sheet complete for Trinton Toy company!! It's the last screenshot and I will give a like and my gratitude for you!!!

Requirement 2. Prepare Triton's annual financial budget for 2025, including budgeted income statement and budgeted balance sheet.

Begin with the budgeted income statement

Triton Toy Company Balance Sheet December 31, 2024 Assets Current Assets: \begin{tabular}{|l|c|} \hline Cash & $50,000 \\ \hline Accounts Receivable & 55,000 \\ \hline Raw Materials Inventory & 1,000 \\ \hline Finished Goods Inventory & 4,800 \\ \hline Total Current Assets & $110,800 \\ \hline \end{tabular} Property, Plant, and Equipment: Liabilities Current Liabilities: Accounts Payable $14,000 Property, Plant, and Equipment: \begin{tabular}{cccc} \multicolumn{1}{c}{ Equipment } & \multicolumn{1}{c}{150,000} & \\ \multicolumn{1}{c}{ Less: Accumulated Depreciation } & (39,000) & 111,000 \\ \cline { 2 - 3 } Total Assets & $221,800 \\ \hline \hline \end{tabular} Liabilities Current Liabilities: Accounts Payable $14,000 Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity \begin{tabular}{rr} $140,000 \\ 67,800 \\ \hline \end{tabular} \begin{tabular}{ll} & 207,800 \\ \hline$ & 221,800 \\ \hline \hline \end{tabular} (Unless otherwise noted, assume all of the following events occurred during 2024 and that any balances given are stated as of December 31, 2024.) a. Budgeted sales are 1,100 sets for the first quarter and expected to increase by 100 sets per quarter. Cash sales are expected to be 10% of total sales, with the remaining 90% of sales on account. Sets are budgeted to sell for $90 per set. b. Finished Goods Inventory on December 31, 2024, consists of 200 sets at $24 each. c. Desired ending Finished Goods Inventory is 30% of the next quarter's sales; first quarter sales for 2026 are expected to be 1,500 sets. FIFO inventory costing method is used. d. Raw Materials Inventory on December 31, 2024, consists of 1,000 pounds. Direct materials requirement is five pounds per set. The cost is $1 per pound. e. Desired ending Raw Materials Inventory is 10% of the next quarter's direct materials needed for production; desired ending inventory for December 31,2025 , is 1,000 pounds; indirect materials are insignificant and not considered for budgeting purposes. f. Each set requires 0.40 hours of direct labor; direct labor costs average 10 per hour. g. Variable manufacturing overhead is $4.00 per set. h. Fixed manufacturing overhead includes $5,000 per quarter in depreciation and $16,000 per quarter for other costs, such as utilities, insurance, and property taxes. i. Fixed selling and administrative expenses include $14,000 per quarter for salaries; $3,000 per quarter for rent; $750 per quarter for insurance; and $2,000 per quarter for depreciation. j. Variable selling and administrative expenses include supplies at 2% of sales. k. Capital expenditures include $30,000 for new manufacturing equipment, to be purchased and paid for in the first quarter. I. Cash receipts for sales on account are 50% in the quarter of the sale and 50% in the quarter following the sale; Accounts Receivable balance on December 31, 2024, is expected to be received in the first quarter of 2025; uncollectible accounts are considered insignificant and not considered for budgeting purposes. m. Direct materials purchases are paid 80% in the quarter purchased and 20% in the following quarter; Accounts Payable balance on December 31, 2024, is expected to be paid in the first quarter of 2025. n. Direct labor, manufacturing overhead, and selling and administrative costs are paid in the quarter incurred. o. Income tax expense is projected at $2,000 per quarter and is paid in the quarter incurred. p. Triton desires to maintain a minimum cash balance of $40,000 and borrows from the local bank as needed in increments of $1,000 at the beginning of the quarter; principal repayments are made at the beginning of the quarter when excess funds are available and in increments of $1,000; interest is 8% per year and paid at the beginning of the quarter based on the amount outstanding from the previous quarter. Begin by preparing the sales budget. Triton Toy Company Production Budget For the Year Ended December 31, 2025 Review the production budget you prepared above. Triton Toy Company Direct Labor Budget For the Year Ended December 31, 2025 Triton Toy Company Manufacturing Overhead Budget For the Year Ended December 31, 2025 Before preparing the cost of goods sold budget, calculate the projected manufacturing cost per set for 2025 . (Round all am Direct materials cost per set Direct labor cost per set Manufacturing overhead cost per set Total projected manufacturing cost per set for 2025 \begin{tabular}{rr} $ & 5.00 \\ 4.00 \\ 20.00 \\ \hline$ & 29.00 \\ \hline \hline \end{tabular} Prepare the selling and administrative expense budget. Review the sales budget you prepared above. Cash Receipts from Customers Accounts Receivable balance, December 31, 2025: 4th Qtr.-Credit sales, collection of Qtr. 4 sales in Qtr. 1 of 2026 $56,700 Cach Pavmants Total payments for manufacturing overhead Selling and Administrative Expenses: Accounts Payable balance, December 31, 2025: 4th Qtr.-Qtr. 4 direct material purchases paid in Qtr. 1 of 2026 $1,487 Triton Toy Company Cash Budget For the Year Ended December 31, 2025 Review the cost of goods sold budget you prepared above. Review the selling and administrative expense budget you prepared above. Review the cash budget you prepared above. Prepare the budgeted balance sheet. (Round to the nearest whole dollar.) Review the production budget you prepared above. iu prepared above