ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2015 Assets Cash Accounts recelvable Raw materlals Inventory Finished goods Inventory $ 80,000 364,000 96,000 364,800 Total current assets Equipment, gross Accumulated depreciation 904,800 610,000 (155,000) Equlpment, net 455,000 Total assets $1,359,800 Liabilities and Equity Accounts payable Short-term notes payable 195,500 17,000 Total current llabilitles Long-term note payable $ 212,500 510,000 Total llabllitles Common stock Retalned earnings 722,500 340,000 297,300 Total stockholders' equity 637,300 Total lablities and equity $1,359,800