Next year, National Beverage Company will increase its Plant, Property, and Equipment (PPE) by $4,000,000 with a plant expansion. The inventories will grow by 30%, accounts receivable will grow by 20%, and marketable securities will be reduced by 50% to help finance the expansion. If all other asset accounts remain the same and long-term debt will be used to finance the remaining costs of the expansion (no change in common stock or retained earnings), prepare a pro forma balance sheet for 2014. How much additional debt will be estimated using this pro forma balance sheet?

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National Beverage Company Balance Sheet for the Year Ending 2013 Current Assets Cash $2,440,000 1,656,000 2,704,000 1.641.000 Marketable Securities Accounts Receivable Inventories $ 8,441,000 Total Current Assets Long-term Assets Plant, Property & Equip.$13,686,000 Goodwill 1,403,000 6.433.000 Intangible Assets Total Long-tem Assets $21.522.000 $29,963,000 TOTAL ASSETS Current Liabilities Accounts Payable Other Current Liabilities $ 3.268.000 Total Current Liabilities $5,622,000 $8,890,000 Long-term Liabilities Long-Tem Debt Other Long-tem Liab. $2.839.000 Total Long-Tem Liabilities $ 1,314,000 $ 4,153.000 $13,043,000 TOTAL LIABILITIES Owners' Equity Common Stock $6,861,000 $10.059.000 Retained Eamings TOTAL OWNERS’ EQUITY TOTAL LIABILITIES & OWNER'S EQUITY $16.920.000 $29,963,000