The management of Zigby Manufacturing prepared the following estimated balance sheet for March, 2015: ZIGBY MANUFACTURING Estlmated Balance Sheet March 31, 2015 Assets Cash Accounts recelvable Raw materials inventory Finished goods inventory 99,000 500,250 101,000 402,500 Total current assets Equipment, gross Accumulated depreciation 1102,750 618,000 (159,000) Equipment, net 459,000 Total assets s 1,561,750 Liablities and Equity Accounts payable Short-term notes payable 209,700 21,000 Total current liablilties Long-term note payable $ 230,700o 505,000 Total liabilities Common stock Retained earnings 735,700 344,000 482,050 Total stockholders' equity 826,050 Total lablities and equity $ 1,561,750