The management of Zigby Manufacturing prepared the following balance sheet for March 31. ZIGBY MANUFACTURING Balance Sheet March 31 Assets Liabilities and Equity Cash $ 42,000 Liabilities Accounts receivable Raw materials inventory 378,560 107,200 Accounts payable $211,300 Loan payable 14,000 Finished goods inventory 349,440 Long-term note payable. 500,000 $ 725,300 Equipment Less: Accumulated depreciation $ 604,000 152,000 Equity 452,000 Common stock Retained earnings. 337,000 266,900 Total assets $ 1,329,200 Total liabilities and equity To prepare a master budget for April, May, and June, management gathers the following information. 603,900 $ 1,329,200 Lil 20.800. The