The following data relate to the operations of Dillinger Company, a wholesale distributor of consumer goods: Current assets as of March 31 $ 18,000 34,500 $ 17,220 330,000 $ 55,500 59,000 $285,220 Accounts receivable Buildings and equipment (net) Accounts payable Capital stock Retained eamings a. Gross margin is 30% of sales. b. Actual and budgeted sales data: March (actual s 115,000 123,000 $ 152,000 S 168,000 $ 67,000 c. Sales are 70% for cash and 30% on credit Credit sales are collected in the month following sale. The accounts receivable at March 31 are the result of March credit sales. d. Each month's ending inventory should equal 20% of the following month's budgeted cost of goods sold. e, 25% of a month's inventory purchases is paid for in the month of purchase, the remainder ispaid for in the following month. The accounts payable at March 31 are a result of March purchases of inventory f. Monthly expenses are as follows: salaries and wages, $31,500; rent, $5,500 per month; other expenses (excluding depreciation), 8% of sales. Assume that these expenses are paid monthly. Depreciation is $6,000 per month (includes depreciation on new assets) g. Equipment costing $9,000 will be purchased for cash in April h. The company must maintain a minimum cash balance of $9,000. An open line of credit is available at a local bank. All borrowing is done at the beginning of a month, and all repayments are made at the end of at the time of repayment of principal; figure interest on whole months (1/12, 2/12, and so forth) Required Using the above data: 1. Complete the following schedule