a. The cash budget for March shows an ending loan balance of $17,500 and an ending cash balance of $54,000. b. The sales budget for March shows sales of $135,000. Accounts receivable at the end of March are budgeted to be 70% of March sales. c. The merchandise purchases budget shows that $90,500 in merchandise will be purchased on credit in March. Purchases on credit are paid 100% in the month following the purchase. d. Ending merchandise inventory for March is budgeted to be 750 units at a cost of $40 each. e. Income taxes payable of $27,500 are budgeted at the end of March. f. Accounting records at the end of March show budgeted equipment of $82,500 with accumulated depreciation of $34,000. g. Common stock of $32,500 and retained earnings of $59,000 are budgeted at the end of March