March operating information Begin by select the labels to complete the formula, and then compute the ending cash balance. a. March 31 inventory balance, $16,505 b. March payments for inventory, $5,300 c. March payments of accounts payable and accrued liabilities, $8,800 d. March 31 accounts payable balance, $3,600 e. February 28 furniture and fixtures balance, $34,900; accumulated depreciation balance, $29,860 f. February 28 owners' equity, $28,470 g. March depreciation expense, $400 h. Cost of goods sold, 50% of sales i. Other March expenses, including income tax, total $3,500; paid in cash j. February 28 cash balance, $13,000 k. March budgeted sales, $12,700 I. March 31 accounts receivable balance, one-fourth of March sales m. March cash receipts, $14,800