Prepare a budgeted balance sheet for Eichler, Inc. for De Eichler, Inc. has the following balance sheet at December 31, 2018: (Click the icon to view the balance sheet.) Eichler projects the following transactions for 2019: (Click the icon to view the transactions.) Begin by completing the accounting equation for the 2019 transactions. (Use a minus sign or parentheses to enter account reductions and contra asset balances and activity. If a box is not used in the equation leave the box empty: do not enter a zero. Abbreviations used.) Cash + A/R + RM Iny + FG Iny + Equip + (A/D) = A/P + S + + + * Data Table + + Dec 31, 2018 Sales on acct. Cash recpts. Purch. RM Pmts on acct. RM used Direct labor Mfg. OH Depr. COGS S and A + + Eichler, Inc. Balance Sheet December 31, 2018 Assets + + + Current Assets: Cash + 2,500 Purch, equip. S 900 Dec 31, 2019 100 1,050 Prepare a budgeted balance sheet for Eichler, Inc. for December 31, 2019. Accounts Receivable Raw Materials Inventory Finished Goods Inventory Total Current Assets Property. Plant, and Equipment: Equipment 4,550 * More Info X Eichler, Inc. Budgeted Balance Sheet December 31, 2019 Assets 10,000 (1.000) 9,000 Less: Accumulated Depreciation 13,550 Total Assets Current Assets: Liabilities Cash Accounts Receivable Current Liabilities: Accounts Payable 1.200 Sales on account. $27,000 Cash receipts from customers from sales on account, $19,500 Purchase of raw materials on account, $8,000 Payments on account. $5.500 Total cost of completed products, $16.600, which includes the following: Raw materials used. $6.700 Direct labor costs incurred and paid, S5,800 Manufacturing overhead costs incurred and paid. $3.600 Depreciation on manufacturing equipment, $500 Cost of goods sold. $16,500 Selling and administrative costs incurred and paid. $1.500 Purchase of equipment, paid in 2019. $1,700 Stockholders' Equity Common Stock, no par Raw Materials Inventory Finished Goods Inventory Total Current Assets Property. Plant, and Equipment Equipment Less: Accumulated Depreciation 9,000 3,350 Retained Earnings Total Stockholders' Equity 12,350 13,550 Total Liabilities and Stockholders' Equity Total Assets Print Done Print Done Liabilities Current Liabilities: Accounts Payable Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity