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 $ 51,000 483,600- 94,100) 443,520 1,072,220 622,000 (161,000) 461,000 $1,533,220 $ 211,400 23,000 234,400 515,000 749,400 346,000 437,820 783,820 $1,533,220