(1) The percents of sales for items that vary directly with sales are as follows: Accounts receivable; 11.8%, Inventory; 17.9%; Acoounts payable, 13.6%; Net profit margin, 2.6%. (2) Marketable securitios and other current liabilities will remain unchanged. (3) Peabody desires a minimum cash balance of $483,000. (5) Accruals will rise to $500,000 by the end of 2024 . (6) There will be no sale or retirement of lang-tertn debt. (7) No sale or repurchase of common stock is expected. (8) The dividend payout of 50% of net profits will continue. (9) The sales forecast predicts $11.4 million in 2023 and $11.6 million in 2024. (10) The December 31, 2022, balance sheet is here a. Prepare a pro torma balance sheet dated December 31, 2024 . b. Discuss the financing changes suggested by the statement prepared in part (a). a. Prepare a pro forma balance sheet dated December 31, 2024. Compleie the assels part of the pro forma balance sheed for Peabotty \& Peabody for December 31,2024 be Data table (Click on the ioon here in order to copy the contents of the data table below into a spreadsheet)