(1) A minimum cash balance of $50,300 is desired. (2) Marketable securities are expected to remain unchanged, (3) Accounts receivable represent 9.9% of sales (4) Inventories fopresent 11.7% of sales. (5) A new machine costing $90,000 will be acquired during 2020. Total dopreciation for the year will be $32,200. (6) Accounts payable represent 14.2% of sales. (7) Accruals, other current liablities, long-term debt, and common stock are expected to remain unchanged. (8) The firm's net proft margin is 3.9%, and it expects to pay out $69,800 in cash dividends during 2020 . (9) The December 31,2019 , balance sheet follows a. Use the judgmental approach to prepare a pro forma balance sheet daied December 31, 2020, for Leonard industries. b. How much, if any, additional financing will Leonard Industries require in 2020 ? Discuss. c. Could Leonard Industries adjust lis planned 2020 dividend to avoid the situation described in part b? Explain how. a. Use the judgmental approach to prepare a pro forma balance sheet dated December 31, 2020, for Locnard industries. Complete the assets part of the pro forma balance sheet for Leonard industries for December 31,2020 below: (Round to the nearest dollar.) (2) Marketable securities are expected to remain unchanged. (3) Accounts receivable represent 9.9% of sales. Data table (Click on the icon located on the top-right comer of the data table bolow in order to cogy its contents into a spreadsheet.)