Use the following information to prepare a budgeted balance sheet for Marine.com at March 31. Show computations for the cash and owners' equity amounts. E (Click the icon to view the March operating information.) Begin by select the labels to complete the formula, and then compute the ending cash balance. + Beginning balance $ 13,200 Receipts 14,200 Payments for inventory, liabilities, and other expenses $ 20,000 Ending cash balance $ 7,400 + $ Next, select the labels to complete the formula, and then compute the ending owners' equity. Sales revenue Beginning balance $ 29,220 Cost of goods sold, depreciation, and other expenses $ 13,460 Ending owners' equity $ 28,360 + $ 12,600 Prepare the asset section of the balance sheet, and then prepare the liabilities and owners' equity section. Marine.com Budgeted Balance Sheet March 31 Assets Current assets: Cash Accounts receivable Inventory Total current assets Plant assets: Furniture and fixtures Accumulated depreciation Total assets March operating information X a. March 31 inventory balance, $16,550 b. March payments for inventory, $5,900 c. March payments of accounts payable and accrued liabilities, $8,600 d. March 31 accounts payable balance, $3,500 e. February 28 furniture and fixtures balance, $35,000; accumulated depreciation balance, $29,840 f. February 28 owners' equity, $29,220 g. March depreciation expense, $400 h. Cost of goods sold, 60% of sales i. Other March expenses, including income tax, total $5,500; paid in cash j. February 28 cash balance, $13,200 k. March budgeted sales, $12,600 I. March 31 accounts receivable balance, one-fourth of March sales m. March cash receipts, $14,200 Print Done