The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods Current assets as of March 31: Cash $ 9,100 $ 26,400 $ 49,200 $ 106,800 $ 29,550 $ 150,000 $11,950 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 une July 66,000 $ 82,000 $ 87,000 112,000 $ 63,000