The following Information applies to the questions displayed below. The management of Zigby Manufacturing prepared the following estimated balance sheet for March, 2015 ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2015 Assets Cash Accounts receivable Raw materials inventory Finished goods inventory $ 46,000 386,925 96.290 327,831 Total current assets Equipment, gross Accumulated depreciation 857,046 612,000 (156,000) Equipment, net 456,000 Total assets $ 1.313,046 Liablities and Equity Accounts payable Short-tem notes payable 96,190 18,000 Total current liabilities Long-term note payable $214,190 506,000 Total liabilities Common stock Retained earnings 720,190 341,000 251,856 Total stockholders' equity 592,856 Total liabilities and equity $1,313,046