Consider the following information for Omas.com at March 31, 2011.

a. February 28 inventory balance, $17,780

b. March payments for inventory, $4,400

c. March payments of accounts payable and accrued liabilities, $8,400

d. February 28 accounts payable balance, $10,100

e. February 28 furniture and fixtures balance, $34,600; accumulated depreciation balance $29,870

f. February 28 equity, \($29,040\)

g. March depreciation expense, \($600\)

h. Cost of goods sold, 40% of sales

i. Other March expenses, including income tax, total \($7,000\), paid in cash

j. February 28 cash balance, \($11,500\)

k. March budgeted credit sales, \($12,400\)

l. February 28 accounts receivable balance, \($5,130\)

m. March cash receipts, \($14,600\) 

Requirement 

1. Prepare a budgeted balance sheet.