Problem 20-4A Manufacturing: Preparation of a complete master budget LO P1, P2, P3 The following information applies to the questions displayed below The management of Zigby Manufacturing prepared the following estimated balance sheet for March, 2015: ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2015 Assets Cash Accounts recelvable Raw materials inventory Finished goods inventony $ 46,000 386,925 96,290 327,831 Total current assets Equipment, gross Accumulated depreciation 857,046 612,000 156,000) Equipment, net 456,000 Total assets $1,313,046 Liabilities and Equity Accounts payable Short-term notes payable 196,190 8,000 Total current labilities Long-term note payable $ 214,190 506,000 Total liabilities Common stock Retained earnings 720,190 41,000 251,856 Total stockholders' equity 592,856 Total labilities and equity $1,313,046