The management of Zigby Manufacturing prepared the following estimated balance sheet for March, 2015:

The management of Zigby Manufacturing prepared the following estimated balance sheet for March, 2015: ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2015 Assets Cash 56.000 341,250 Accounts receivable 84,200 Raw materials inventory 337,680 Finished goods inventory Total current assets 819.130 632,000 Equipment, gross Accumulated depreciation (166,000) Equipment, net 466,000 Total assets 1,285.130 Liabilities and Equity Accounts payable 189,800 28,000 Short-term notes payable 217,800 Total current liabilities Long-term note payable 516,000 Total liabilities 733,800 351,000 Common stock Retained earnings 200,330 Total stockholders' equity 551,330 Total liabilities and equity 1,285.130