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The following information is available for Zetrov Company. a. The cash budget for March shows an ending bank loan of $13,000 and an ending cash

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The following information is available for Zetrov Company. a. The cash budget for March shows an ending bank loan of $13,000 and an ending cash balance of $51,900. b. The sales budget for March indicates sales of $126,000. Accounts receivable are expected to be 70% of the current-month sales. c. The merchandise purchases budget indicates that $89,600 in merchandise will be purchased on account in March. Purchases on account are paid 100% in the month following the purchase. Ending inventory for March is predicted to be 660 units at a cost of $35 each d. The budgeted income statement for March shows net income of $48.600. Depreciation expense of $1,600 and $26,600 in income tax expense were used in computing net income for March. Accrued taxes will be paid in April . e. The balance sheet for February shows equipment of $83,400 with accumulated depreciation of $30,600, common stock of $28,000, and ending retained earnings of $8,600. There are no changes budgeted in the equipment or common stock accounts. Prepare a budgeted balance sheet at the end of March Budgeted Balance Sheet As of March 31 0

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