The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2017: ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2017 Cash Accounts receivable Raw materials inventory Finished goods inventory Total current assets Equipment, gross Accumulated depreciation Equipment, net Total assets 65,000 434, 850 87,505 374,640 961,995 624,000 (162,0001 462-000 1,423,995 Liabilities and Equity Accounts payable Short-term notes payable Total current liabilities Long-tern note payable Total 1iabilities $ 199,405 24,000 223,405 743,405 47,000 333, 590 Total stockholders' equity Total liabilities and equity $1,423,995 To prepare a master budget for April, May, and June of 2017, management gathers the following information