Required information (The following information applies to the questions display

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Required information (The following information applies to the questions displayed below. Beech Corpor ation 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 receivable Inventory Plant and equipment, net of depreciation Total assets s 76,000 137,000 86, 100 230, 000 $ 529,100 Liabilities and Stockholders' Equity Accounts payable Common stock s 91,000 312, 000 126, 100 S 529,100 Total liabilities and stockholders' equity Pre of 4Next

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Schedule of expected cash collections July   August September Quarter Ended Sep   Collection from Same Months Sale (35%) $        143,500 $        150,500 $        147,000 $          441,000 Collection from Last Months Sale (65%)            137,000            266,500            279,500              683,000 Expected cash collections            280,500            417,000            426,500          1,124,000

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