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

The cash budget for March shows an ending loan balance of $$19,500$ and an ending cash balance of $$63,350.$

The sales budget for March shows sales of $$139,000.$ Accounts receivable at the end of March are budgeted to be $65\%$ of March sales.

The merchandise purchases budget shows that $$90,900$ in merchandise will be purchased on credit in March. Purchases on credit are paid $100\%$ in the month following the purchase.

Ending merchandise inventory for March is budgeted to be $790$ units at a cost of $$40$ each.

Income taxes payable of $$27,900$ are budgeted at the end of March.

Accounting records at the end of March show budgeted equipment of $$82,100$ with accumulated depreciation of $$34,800.$

Common stock of $$34,500$ and retained earnings of $$59,800$ are budgeted at the end of March.