Question: table [ [ Earrings Unlimited ] , [ Budgeted Balance Sheet ] , [ June 3 0 ] , [ Assets ] , [

\table[[Earrings Unlimited],[Budgeted Balance Sheet],[June 30],[Assets],[Cash,$262,512],[Accounts receivable,695,500],[Inventory,65,800],[Prepaid insurance,13,400],[Property and equipment, net,1,023,500],[,],[,],[Total assets,$2,055,672],[Liabilities and Stockholders' Equity],[Accounts payable,$110,450],[Dividends payable,20,250],[Common stock,940,000],[Retained earnings,984,972],[,],[,],[Total liabilities and stockholders' enuity,]]
How did we get the cash balance?
\ table [ [ Earrings Unlimited ] , [ Budgeted

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