The following information is available for Zetrov Company . The cash budget for March shows an ending bank loan of $10,000 and an ending cash balance of $50,000. . The sales budget for March indicates sales of $140,000. Accounts receivable are expected to be 70% of the current-month sales. . The merchandise purchases budget indicates that $89,000 account are paid 100 % in the month following the purchase. Ending inventory for March is predicted to be 600 units at a cost of $35 merchandise will be purchased on account in March. Purchases on each. udgeted income statement for March shows net income of $48,000. Depreciation expense of $1,000 and $26,000 in income tax expense were used in computing net income for March. Accrued taxes will be paid in April The balance sheet for February shows equipment of $84,000 with accumulated depreciation of $46,000, common stock of $25,000, and ending retained earnings of $8,000. There are no changes budgeted in the equipment or common stock accounts. Prepare a budgeted balance sheet at the end of March ZETROV COMPANY Budgeted Balance Sheet As of March 31 Assets 50,000 Cash Accounts receivable 98.000 Merchandise Inventory 21,000 S 169,000 Liabilities Accounts payable Income taxes payable Bank loan payable Total liabilities Equity Common stock Retained eamings Total Stockholders' Equity