Io prepare a master budget for April, May, and June, management gathers the following information.

a$.$ Sales for March total $41,000$ units. Budgeted sales in units follow: April, $41,000$; May, $39,000$; June, $40,000$; and July, $41,000.$

The product's selling price is $$24\mathrm{.}00$ per unit and its total product cost is $$19\mathrm{.}85$ per unit.

b$.$ Raw materials inventory consists solely of direct materials that cost $$20$ per pound. Company policy calls for a given month's

ending materials inventory to equal $50\%$ of the next month's direct materials requirements. The March $31$ raw materials

inventory is $9,850$ pounds. The budgeted June $30$ ending raw materials inventory is $8,000$ pounds. Each finished unit requires

$0\mathrm{.}50$ pound of direct materials.

c$.$ Company policy calls for a given month's ending finished goods inventory to equal $80\%$ of the next month's budgeted unit

sales. The March $31$ finished goods inventory is $32,800$ units.

d$.$ Each finished unit requires $0\mathrm{.}50$ hour of direct labor at a rate of $$15$ per hour.

e$.$ The predetermined variable overhead rate is $$2\mathrm{.}70$ per direct labor hour. Depreciation of $$40,000$ per month is the only fixed

factory overhead item.

f$.$ Sales commissions of $8\%$ of sales are paid in the month of the sales. The sales manager's monthly salary is $$6,000.$

g$.$ Monthly general and administrative expenses include $$24,000$ for administrative salaries and $0\mathrm{.}9\%$ monthly interest on the

long$-$term note payable.

h$.$ The company budgets $30\%$ of sales to be for cash and the remaining $70\%$ on credit. Credit sales are collected in full in the

month following the sale $($no credit sales are collected in the month of sale$).$

i$.$ All raw materials purchases are on credit, and accounts payable are solely tied to raw materials purchases. Raw materials

purchases are fully paid in the next month $($none are paid in the month of purchase$).$

j$.$ The minimum ending cash balance for all months is $$80,000.$ If necessary, the company borrows enough cash using a loan to

reach the minimum. Loans require an interest payment of $1\%$ at each month$-$end $($before any repayment$).$ If the month$-$end

k$.$ Dividends of $$20,000$ are budgeted to be declared and paid in May.

I. No cash payments for income taxes are budgeted in the second calendar quarter. Income tax will be assessed at $35\%$ in the

quarter and budgeted to be paid in the third calendar quarter.

m$.$ Equipment purchases of $$200,000$ are budgeted for the last day of June.

The management of Zigby Manufacturing prepared the following balance sheet for March $31.$ help me fill in balance sheet