Please help me fill in the Cash Budget and Loan balance given the information below.

The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2017: ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2617 Assets Cash $ 491,990 Accounts receivable 342,248 Raw materials inventory 98,566 Finished goods inventory 325,546 Total current assets 866,288 Equipment, gross 666,666 Accumulated depreciation (156,666) Equipment, net 456,666 Total assets $ 1,256,288 Liabilities and Equity Accounts payable $ 266,566 Short-term notes payable 12,666 Total current liabilities 212,566 Long-term note payable 566,666 Total liabilities 712,566 Common stock 335,666 Retained earnings 268,788 Total stockholders' equity 543,788 Total liabilities and equity $ 1,256,288 a. Sales for March total 20,500 units. Forecasted sales in units are as follows: April, 20,500; May, 19500; June, 20,000; and July, 20,500. Sales of 240,000 units are forecasted for the entire year. The product's selling price is $23.85 per unit and its total product cost is $19.85 per unit. b. Company policy calls for a given month's ending raw materials inventory to equal 50% of the next month's materials requirements. The March 31 raw materials inventory is 4,925 units, which complies with the policy. The expected June 30 ending raw materials inventory is 4,000 units. Raw materials cost $20 per unit. Each finished unit requires 0.50 units of raw materials. c. Company policy calls for a given month's ending finished goods inventory to equal 80% of the next month's expected unit sales. The March 31 finished goods inventory is 16,400 units, which complies with the policy. . Each finished unit requires 0.50 hours of direct labor at a rate of $15 per hour. . Overhead is allocated based on direct labor hours. The predetermined variable overhead rate is $2.70 per direct labor hour. Depreciation of $20,000 per month is treated as fixed factory overhead. f. Sales representatives' commissions are 8% of sales and are paid in the month of the sales. The sales manager's monthly salary is $3,000. 9. Monthly general and administrative expenses include $12,000 administrative salaries and 0.9% monthly interest on the long-term note payable. h. The company expects 30% of sales to be for cash and the remaining 70% on credit. Receivables are collected in full in the month following the sale (none are collected in the month of the sale). i. All raw materials purchases are on credit, and no payables arise from any other transactions. One month's raw materials purchases are fully paid in the next month. j. The minimum ending cash balance for all months is $40,000. If necessary, the company borrows enough cash using a short-term note to reach the minimum. Short-term notes require an interest payment of 1% at each month-end (before any repayment). If the ending cash balance exceeds the minimum, the excess will be applied to repaying the short-term notes payable balance. k. Dividends of $10,000 are to be declared and paid in May. I. No cash payments for income taxes are to be made during the second calendar quarter. Income tax will be assessed at 35% in the quarter and paid in the third calendar quarter. m. Equipment purchases of $130,000 are budgeted for the last dav of June. (DO. Calculation of Cash receipts from customers: Total budgeted sales _ $ 488,925 $ 465,075 $ 477,000 Sales on credit 8 342,248 $ 325,552 $ 333,900 Currentmonth'scashsales _ $ 146,678 $ 139,523 $ 143,100 Collections of receivables _ 342,248 342,248 325,552 Total cash receipts _ $ 488,926 $ 481,771 $ 468,652 Loan balance - Beginning of month Additional loan (loan repayment) Loan balance - End of month Beginning cash balance Cash receipts from customers Total cash available Cash payments for: Raw materials Direct labor Variable overhead Sales commissions Sales salaries General & administrative salaries Dividends Loan interest Long-term note interest Purchases of equipment Total cash payments 433,459 19,500 149,500 Preliminary cash balance Additional loan (loan repayment) Ending cash balance