The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods: Current assets as of March 31: $ 7,300 $ 19,200 $ 38,400 $ 124,800 $ 22,800 $150,000 $ 16,900 Cash Accounts receivable Inventory Building and equipment, net Accounts payable Common stock Retained earnings a. The gross margin is 25% of sales b. Actual and budgeted sales data March (actual) April May June July $ 48,000 $ 64,0e0 $ 69,000 $ 94,000 $ 45,000