The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods Current assets as ofMarch 31 Cash $ 7,600 $ 20,400 $ 40,200 128,400 $ 23,925 150,000 $ 22,675 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 $ 51,000 $ 67,000 $ 72,000 $ 97,000 $48,000