The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2019: Cash ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2019 Assets Accounts receivable Raw materials inventory Finished goods inventory Total current assets Equipment Accumulated depreciation Equipment, net Total assets Liabilities and Equity Accounts payable Short-term notes payable Total current liabilities Long-term note payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and equity 40,000 342,248 98,500 325,548 806,288 600,000 (150,000) 450,000 $1,256,288 $ 200,500 12,000 212,500 500,000 712,500 335,000 208,788 543,788 $1,256,288