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The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2017: ZIGBY...

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Accounting

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The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2017: ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2017 Assets Cash Accounts receivable Raw materials inventory Finished goods inventory Total current assets Equipment, gross Accumulated depreciation Equipment, net Total assets $40,000 342,248 98,500 325,540 806,288 600,000 150,000 450,000 $ 1,256,288 Liabilities and Equity Accounts payable Short-term notes payable Tota Long-term note payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and equity $200,500 12,000 212,500 500,000 712,500 335,000 208,788 543,788 $1,256,288 1 current liabilities To prepare a master budget for April, May, and June of 2017, management gathers the following information

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