Problem 20-4A Manufacturing: Preparation of a complete master budget P1 P2 P3 The management of Zigby Manufacturing prepared the following balance sheet for March 31. ZIGBY MANUFACTURING Balance Sheet March 31 Assets Cash Accounts receivable Raw materials inventory Finished goods inventory $ 40,000 344,400 98,500 325,540 Equipment $ 600,000 Less: Accumulated depreciation 150,000 Total assets 450,000 $1,258,440 Liabilities and Equity Liabilities Accounts payable $201,000 Loan payable 12,000 Long-term note payable 500,000 $713,000 Equity Common stock 335,000 210,440 545,440 Retained earnings Total liabilities and equity $1.258,440 To prepare a master budget for April, May, and June, management gathers the following information. 30.000