The management of Zlgby Manufacturing prepared the following estimated balance sheet for March, 2015 ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2015 Assets 56,000 Cash 341,250 Accounts recelvable 84,200 Raw materials Inventory Finished goods Inventory 337 680 Total current assets 819130 Equipment, gross 632,000 Accumulated depreclatlon 166,000) Equipment, net 466,000 Total assets 1,285.130 Liabilities and Equity Accounts payable 189,800 Short-term notes payable 28,000 Total current liabllitles 217.800 516,000 Long-term note payable Total abilties 733.800 351,000 Common stock Retained earnings 200,330 Total stockholders' equity 551,330 Total abilities and equity 1,285.130