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 $$10,000$ and an ending cash balance of $$50,000.$

b$.$ The sales budget for March shows sales of $$140,000.$ Accounts receivable at the end of March are budgeted to be $70\%$ of March

sales.

c$.$ The merchandise purchases budget shows that $$89,000$ 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 $600$ units at a cost of $$35$ each.

e$.$ Income taxes payable of $$26,000$ are budgeted at the end of March.

f$.$ Accounting records at the end of March show budgeted equipment of $$84,000$ with accumulated depreciation of $$47,000.$

g$.$ Common stock of $$25,000$ and retained earnings of $$56,000$ are budgeted at the end of March.