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11. Using Table 6-13, create a proforma balance sheet using the percentage of sales method. If net income next year is $50,000, answer the following:a.

11. Using Table 6-13, create a proforma balance sheet using the percentage of sales method. If net income next year is $50,000, answer the following:a. How much did the owners take out of the business? b. What is the profit margin next year? i. See excel sheet for balance sheet.image text in transcribed

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