c. Pro forma balance sheet, March 31 (in thousands): Cash $ 50 Accountspayable $ 450 Accounts receivable

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c. Pro forma balance sheet, March 31 (in thousands):

Cash $ 50 Accountspayable $ 450 Accounts receivable 620 Bank loan 400 Inventories 635 Accruals 212 -

Current assets $1,305 Current liabilities $1,062 Net fixed assets 1,836 Long-term debt 450 Common stock 100 Retained earnings 1,529 -

Total assets $-3,141 Total liabilities and equity $-3,141 Chapter 13 Financial P l a n n i n g 419

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