Problem 7-4A Manufacturing: Preparation of a complete master budget LO P1, P2, P3 IThe following information applies to the questions displayed belowj The management of Zigby Manufacturing prepared the following estimated balance sheet for March, 2015: ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2015 Assets 53,000 Cash 392,400 Accounts receivable Raw materials inventory 96,600 Finished goods inventory 313,920 855,920 Total current assets 626,000 Equipment, gross (163,000) Accumulated depreciation Equipment, net 463,000 1,318,920 Total assets Liabilities and Equity Accounts payable Short-term notes payable 204,800 25,000 229,800 Total current liabilities 520,000 Long-term note payable Total liabilities 749,800 Common stock 348,000 221120 Retained earnings 569120 Total stockholders' equity Total liabilities and equity 1,318,920