The following information applies to the questions displayed below.j 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 $80,000 487,500 93,390 438,000 Total current assets Equipment, gross Accumulated depreciation 1,098,890 640,000 (170,000) Equipment, net 470,000 Total assets $1,568,890 Liabilities and Equity Accounts payable Short-term notes payable 215,690 32,000 247690 520,000 Total current liabilities Long-term note payable Total liabilities Common stock Retained earnings 767690 355,000 446,200 Total stockholders' equity 801,200 Total liabilities and equity $1,568,890