[The following information applies to the questions displayed belowj The management of Zigby Manufacturing prepared the following estimated balance sheet for March, 2015: ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2015 Assets Cash 80.000 487500 Accounts receivable 93,390 Raw materials inventory Finished goods inventory 438,000 Total current assets 1,098,890 Equipment, gross 640,000 (170,000) Accumulated depreciation Equipment, net 470,000 1,568,890 Total assets Liabilities and Equity Accounts payable 215,690 32,000 Short-term notes payable Total current liabilities 247,690 Long-term note payable 520,000 Total liabilities 767,690 355,000 Common stock 446,200 Retained earnings Total stockholders' equity 801,200 1,568,890 Total liabilities and equity