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 $19,000 and an ending cash balance of $59,700. b. The sales budget for March shows sales of $138,000. Accounts receivable at the end of March are budgeted to be 70% of March sales. c. The merchandise purchases budget shows that $90,800 in merchandise will be purchased on credit in March. Purchases on credit are paid 100% in the month following the purchase. d. Ending merchandise inventory for March is budgeted to be 780 units at a cost of $35 each. e. Income taxes payable of $27,800 are budgeted at the end of March. f. Accounting records at the end of March show budgeted equipment of $82,200 with accumulated depreciation of $34,600. g. Common stock of $34,000 and retained earnings of $59,600 are budgeted at the end of March. ZIMMER COMPANY Budgeted Balance Sheet As of March 31