The management of Zigby Manufacturing prepared the following estimated balance sheet for March, 2015: ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2015 Assets Cash Accounts receivable Raw materials inventory Finished goods inventory $ 59,000 487,500 93,010 433,000 Total current assets Equipment, gross Accumulated depreciation 1,072,510O 638,000 (169,000) Equipment, net 469,000 Total assets $1,541,510 Liablities and Equity Accounts payable Short-term notes payable 215.410 31,000 Total current liabilities Long-term note payable 246,410 530,000 Total liabilities Common stock Retained earnings 776.410 354,000 411,100 Total stockholders' equity 765.100 Total liabilities and equity $1,541,510