Nature's Way in Green Bay, WI is preparing its budgeted balance sheet. Below is information needed to complete the budgeted balance sheet: a. The cash budget for March shows an ending bank loan of $15,500 and an ending cash balance of $64,700. b. The sales budget for March indicates sales of $131,000. Accounts receivable are expected to be 60% of the current-month sales. c. The merchandise purchases budget indicates that $90,100 in merchandise will be purchased on account in March. Purchases on account are paid 100% in the month following the purchase. Ending inventory for March is predicted to be 710 units at a cost of $40 each. d. The budgeted income statement for March shows net income of $49,100. Depreciation expense of $2,100 and $27,100 in income tax expense were used in computing net income for March. Accrued taxes will be paid in April. e. The balance sheet for February shows equipment of $82,900 with accumulated depreciation of $31,100,common stock of $30,500, and ending retained earnings of $9,100. There are no changes budgeted in the equipment or common stock accounts. Prepare a budgeted balance sheet at the end of March. HINT - You will need to include net income in determining ending retained earnings. NATURE'S WAY Budgeted Balance Sheet As of March 31