Nature's Way in Green Bay, WI is preparing its budgeted balance sheet. Below is information needed to complete the budgeted balance sheet:

The cash budget for March shows an ending bank loan of $$12,000$ and an ending cash balance of $$56,800.$

The sales budget for March indicates sales of $$124,000.$ Accounts receivable are expected to be $65\%$ of the current$-$month sales.

The merchandise purchases budget indicates that $$89,400$ in merchandise will be purchased on account in March. Purchases on account are paid $100\%$ in the month following the purchase. Ending inventory for March is predicted to be $640$ units at a cost of $$35$ each.

The budgeted income statement for March shows net income of $$48,400.$ Depreciation expense of $$1,400$ and $$26,400$ in income tax expense were used in computing net income for March. Accrued taxes will be paid in April.

The balance sheet for February shows equipment of $$83,600$ with accumulated depreciation of $$30,400,$ common stock of $$27,000,$ and ending retained earnings of $$8,400.$ There are no changes budgeted in the equipment or common stock accounts.

Prepare a budgeted balance sheet at the end of March.