The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2017: ZIGBY Estimated Balance Sheet March 31, 2017 Cash Accounts receivable Raw materials inventory Pinished goods inventory Total current assets Equipment, gross Accumulated depreciation Equipment, net Total assets 43,000 432,900 86,198 387,168 949,266 606,000 (153,000) 453, 000 $1,402,266 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 194,798 15,000 209,798 500,000 709,798 338, 000 354,468 692,468 $1,402,266 Prev 1 of 1 Next