e to the operations of k my work mode : This shows what is correct or incorrect for the work you have completed sof oes r Problem 8-29 Completing a Master Budget [LO8-2, LO8-4, LO8-7, LO8-8, LO8-9, LO8 The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods: Current assets as of March 31: $ 9,300 $ 27,200 50,400 102,000 $ 30,300 s 150,000 $ 8,600 Cash Accounts receivable Inventory Building and equipment, net Accounts payable Common stock Retained earnings a. The gross margin is 25% of sales. b. Actual and budgeted sales data: March (actual) April May June July $ 68,000 $ 84,000 $ 89,000 $ 114,000 $ 65,000