E23-6 Use the following information to prepare a budgeted balance sheet for Cinderella's Closet at March 31, 20X2. Show computations for the cash and owners' equity amounts.

a. March 31 inventory balance. $14,000

b. March payments for inventory. $5.900

c. March payments of accounts payable and accrued liabilities. $8.200

d. March 31 accounts payable balance. $4.900

e. February 28 furniture and fixtures bal- ance, $34,800; accumulated deprecia- tion balance. $26.400

f. February 28 owner's equity. $25,100 g. March depreciation expense. $600 h. Cost of goods sold. 50% of sales i. Other March expenses, including income tax. total $5,000: paid in cash j. February 28 cash balance. $10,300 k. March budgeted sales. $11.600 1. March 31 accounts receivable balance, one-fourth of March sales m. March cash receipts, $14.300