HOMEWORK$5$Prepare a budgeted balance sheet at March $31$ using the following Information from ZImmer Company.

a$.$ The cash budget for March shows an ending loan balance of $$14,500$ and an ending cash balance of $$57,300.$

b$.$ The sales budget for March shows sales of $$129,000.$ Accounts recelvable at the end of March are budgeted to be $70\%$ of March

sales.

c$.$ The merchandise purchases budget shows that $$89,900$ 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 $690$ units at a cost of $$30$ each.

e$.$ Income taxes payable of $$26,900$ are budgeted at the end march.

f$.$ Accounting records at the end of March show budgeted equipment of $$83,100$ with accumulated depreciation of $$32,800.$

g$.$ Common stock of $$29,500$ and retalned earnings of $$57,800$ are budgeted at the end march.