Required information. Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] Lamonte Company reports the following budgeted December 31 adjusted trial balance Cash Accounts receivable Merchandise inventory Equipment Accumulated depreciation-Equipment Accounts payable Loan payable Common stock Retained earnings (beginning year balance) Sales Cost of goods sold Loan interest expense Depreciation expense Salaries expense Totals Debit $ 50,400 Credit 120,400 64,400 125,400 $ 25,400 34,400 22,400 201,000 58,600 520,400 360,400 8,400 10,400 122,400 $ 862,200 $ 862,200 Exercise 22-29A (Algo) Merchandising: Preparing a budgeted balance sheet LO P4 The ending year balance of Retained Earnings was $77,400 on December 31. Prepare Lamonte Company's budgeted balance sheet as of December 31.