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e following information applies to the questions displayed below/ The management of Zlgby Manufacturing prepared the following estimated balance sheet for March, 2015 ZIGBY MANUFACTURING

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e following information applies to the questions displayed below/ The management of Zlgby Manufacturing prepared the following estimated balance sheet for March, 2015 ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2015 Assets 59,000 Cash 487,500 Accounts receivable 93,010 Raw materials inventory Finished goods inventory 433,000 Total current assets 1,072,510 Equlpment, gross 638,000 Accumulated depreclatlon (169,000) Equipment, net 469.000 Total assets 1,541,510 Llabilitles and Equity Accounts payable 215.410 31,000 Short-term notes payable Total current liabilitles 246,410 Long-term note payable 530,000 Total liabllltles 776.410 354,000 Common stock 411,100 Retained earnings 765,100 Total stockholders' equlty Total abllitles and equity 1,541,510

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