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 $18,500 and an ending cash balance of $76,600. b. The sales budget for March shows sales of $137,000. Accounts receivable at the end of March are budgeted to be 60% of March sales c. The merchandise purchases budget shows that $90,700 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 770 units at a cost of $30 each. e. Income taxes payable of $27,700 are budgeted at the end of March. f. Accounting records at the end of March show budgeted equipment of $82,300 with accumulated depreciation of $34,400. J. Common stock of $33,500 and retained earnings of $59,400 are budgeted at the end of March. ZIMMER COMPANY Budgeted Balance Sheet As of March 31