The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2019. ZIGBY MANUFACTURING...

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The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2019. ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2019 Assets Cash 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 $ 80,000 487,500 93,390 438,000 1,098,890 640,000 (170,000) 470,000 $1,568,890 $ 215,690 32,000 247,690 520,000 767,690 355,000 446,200 801,200 $1,568,890 To prepare a master budget for April, May, and June of 2019, management gathers the following information. The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2019. ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2019 Assets Cash 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 $ 80,000 487,500 93,390 438,000 1,098,890 640,000 (170,000) 470,000 $1,568,890 $ 215,690 32,000 247,690 520,000 767,690 355,000 446,200 801,200 $1,568,890 To prepare a master budget for April, May, and June of 2019, management gathers the following information.