Problem $8-29($Algo$)$ Completing a Master Budget $[$LO$8-2,$ LO$8-4,$ LO$8-7,$ LO$8-8,$ LO$8-9,$ LO$8-10]$

The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods:

Current assets as of March $31$ :

Cash

Accounts recelyatile

Inventory

Building and equiprent, net

Accounts bayable

Cosaon storl

Retalned earnings

$$9,400$

$$27,600$

$$51,000$

$$99,600$

$$30,675$

$$150,000$

$$6,925$

a$.$ The gross margin is $25\%$ of sales.

b$.$ Actual and budgeted sales data:

$\backslash$table$[[$March $($actual$),$$$69,000$