The following information is available for Zetrov Company:

a.	The cash budget for March shows an ending bank loan of $17,000 and an ending cash balance of $70,500.
b.	The sales budget for March indicates sales of $134,000. Accounts receivable are expected to be 60% of the current-month sales.
c.	The merchandise purchases budget indicates that $90,400 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 740 units at a cost of $35 each.
d.	The budgeted income statement for March shows net income of $49,400. Depreciation expense of $2,400 and $27,400 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 $82,600 with accumulated depreciation of $31,400, common stock of $32,000, and ending retained earnings of $9,400. There are no changes budgeted in the equipment or common stock accounts.

Prepare a budgeted balance sheet for March.

ZETROV COMPANY
Budgeted Balance Sheet
As of March 31