8-2 LOB-4, Lo8-7 LOB-8, LO8-9, LO8-10] Problem 8-29 Completing a Master Budget LO Compan y, a wholesale distributor of consumer goods The following data relate to the operations of Shilow Current assets as of March 31 $ 8,300 $ 23,289 44,480 s 126,000 s 26,550 5 150,800 $ 25,35e Cash Accounts receivable Inventory Building and equipment, net Accounts payable Common stock Retained earnings a. The gross margin is 25% of sales. b Actual and budgeted sales data 5 58,000 $ 74,080 79,008 s 184,000 S55,000 March (ectual) April Duly