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Sarah, the sole shareholder of Mad Dog Food Truck, runs a food truck in the suburb of a large city. Her balance sheet as at November $30,2020$ is as follows:

Mad Dog Food Truck

Balance Sheet

As at November $30,2020$

Assets

Cash $$5,400$

Inventory $$2,200$

Equipment $$9,500$

Accumulated Depreciation $$-2,200$

Total Assets $$14,900$

Liabilities

Accounts Payable $$2,900$

Loan Payable $$6,700$

Total Liabilities $$9,600$

Shareholder's Equity $$5,300$

Total Liabilities & Shareholder's Equity $$14,900$

In the upcoming year, Sarah expects the following events to occur:

Total revenues of $$29,000$ and total expenses of $$12,150$

Inventory is expected to increase by $$1,200$

By the end of November, $2021,$ Mad Dog Food Truck will owe its suppliers $$3,800$

No principal payments will be made on the loan payable during $2021$

Purchase of new equipment for $$2,500.$ The entire purchase will be financed through a loan payable

Expect to have a cash balance of $$22,600$ at the end of fiscal $2021$

Depreciate assets by $$650$ during $2021$

Do not enter dollar signs or commas in the input boxes.

Use the negative sign for negative values.

Prepare Mad Dog Food Truck's budgeted balance sheet as at November $30,2021.$

Mad Dog Food Truck

Budgeted Balance Sheet

As at November $30,2021$

Assets

Cash $Answer

Inventory $Answer

Equipment $Answer

Accumulated Depreciation $Answer

Total Assets $Answer

Liabilities

Accounts Payable $Answer

Loan Payable $Answer

Total Liabilities $Answer

Shareholder's Equity $Answer

Total Liabilities & Shareholder's Equity $Answer

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