Question $3$ of $3$

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You are provided with the following information taken from Pharoah Inc's March $31,2025,$ balance sheet.

$\backslash$table$[[$Cash$,$$ $12,500],[$Accounts receivable,$20,900],[$Inventory$,36,330],[$Property$,$ plant, and equipment, net of depreciation,$124,600],[$Accounts payable,$22,990],[$Common stock,$154,500],[$Retained earnings,$11,940]]$

Additional information concerning Pharoah Inc. is as follows.

Gross profit is $26\%$ of sales.

Actual and budgeted sales data:

$\backslash$table$[[$March $($actual$),$$$47,400$