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The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2017.

Budgeted Balance Sheet June 2017

Budgeted Income Statement for 3 months ended June

Cash Budget (April, May, June)

HW Ch 20 G Saved The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2017 10 points ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2017 Assets Cash Accounts receivable Raw materials inventory Finished goods inventory Total current assets Equipment, gross Accumulated depreciation Equipment, net Total assets S 65,000 434,850 87,505 374,640 961,995 624,000 162,000 462,000 1,423,995 eBook Print Liabilities and Equity Accounts payable Short-term notes payable Total current 1iabilities Long-term note payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and equity $ 199,405 24,000 223,405 520,000 743,405 347,000 333,590 680,590 1,423,995 To prepare a master budget for April, May, and June of 2017, management gathers the following information