Prepare a budgeted balance sheet at March $31$ using the following information from Zimmer Company.

a$.$ The cash budget for March shows an ending loan balance of $$11,500$ and an ending cash balance of $$46,800.$

b$.$ The sales budget for March shows sales of $$123,000.$ Accounts receivable at the end of March are budgeted to be $70\%$ of March sales.

c$.$ The merchandise purchases budget shows that $$89,300$ in merchandise will be purchased on credit in March. Purchases on credit are paid $100\%$ in the month following the purchase.

d$.$ Ending merchandise inventory for March is budgeted to be $630$ units at a cost of $$40$ each.

e$.$ Income taxes payable of $$26,300$ are budgeted at the end of March.

f$.$ Accounting records at the end of March show budgeted equipment of $$83,700$ with accumulated depreciation of $$31,600.$

g$.$ Common stock of $$26,500$ and retained earnings of $$56,600$ are budgeted at the end march.