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You are a manager for Peyton Approved , a pet supplies manufacturer . This responsibility requires you to create budgets , make pricing decisions , and analyze the results of operations to determine if changes need to be made to make the company more efficient .
You will be preparing a budget for the quarter July through September 2014 . You are provided the following information . The budgeted balance sheet at June 30 , 2014 , is :
Peyton Approved
Budgeted Balance Sheet
30-Jun-15