The management of Zigby Manufacturing prepared the following balance sheet for March $31.$

$\backslash$table$[[,,\backslash$table$[[$ZIGBY MANUF$],[$Balance$],[$March$]],\backslash$table$[[$ACTURING$],[$Sheet$],[31]],,],[$Assets$,$i$,,$Liabilities and Equity,,$],[$Cash$,,$$$48,000,$Liabilities,,$],[$Accounts receivable,,$413,280,$Accounts payable,$$241,200,],[$Raw materials inventory,,$118,200,$Loan payable,$12,000,],[$Finished goods inventory,,$390,648,$Long$-$term note payable,$600,000,$$$853,200$