Dickson Company Has the Following Projected Account Balances for September

Dickson Company has the following projected account balances for September 30 of the current year: $\begin{array}{lrlr}\text { Accounts payable } & \$ 20,000& \text { Sales } & \$ 400,000 \\\text { Accounts receivable } & 50,000 &\text { Capital stock } & 200,000 \\\text { Depreciation, factory } & 12,000 &\text { Retained earnings } & 64,000 \\&&\text { (beginning) }\\\text { Finished Goods Inventories } & 90,000 &\text { Maintenance, factory } & 14,000 \\(8 / 31) & & \\\text { Finished Goods Inventories } & 90,000& \text { Cash } & 28,000 \\(9 / 30) \\\text { Materials used }& 100,000& \text { Equipment, net } & 120,000 \\\text { Office salaries } & 40,000& \text { Buildings, net } & 200,000 \\\text { Insurance, factory } & 2,000 &\text { Utilities, factory } & 8,000 \\\text { Factory wages } & 70,000 &\text { Selling expenses } & 30,000 \\\text { Bonds payable } & 80,000 &\end{array}$ Required:
A. Prepare a budgeted income statement for the month ended September 30.
B. Prepare a budgeted balance sheet as of September 30.