Prepare a budgeted balance sheet at March $31$ using the following information from Zimmer Company.

a$.$ The cash budget for March shows an ending loan balance of $$12,500$ and an ending cash balance of $$67,000.$

b$.$ The sales budget for March shows sales of $$125,000.$ Accounts receivable at the end of March are budgeted to be $60\%$ of March sales.

c$.$ The merchandise purchases budget shows that $$89,500$ in merchandise will be purchased on credit in March. Purchases on are paid $100\%$ in the month following the purchase.

d$.$ Ending merchandise inventory for March is budgeted to be $650$ units at a cost of $$30$ each.

e$.$ Income taxes payable of $$26,500$ are budgeted at the end of March.

f$.$ Accounting records at the end of March show budgeted equipment of $$83,500$ with accumulated depreciation of $$32,000.$

g$.$ Common stock of $$27,500$ and retained earnings of $$57,000$ are budgeted at the end march.

$\backslash$table$[[$ZIMMER COMPANY,,$],[$Budgeted Balance Sheet,$],[$As of March $31,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,]]$