2021 Sales Actual: 800,000 2022 Sales Forecast: 1,000,000 Actual Forecast 12/31/21 Management Assumptions 12/31/22 Assets % of sales Assets Cash 80,000 Spontaneous Cash Marketable Securities 20,000 Discretionary Marketable Securities 20,000 Accounts Receivable 100,000 Accounts Receivable Spontaneous Spontaneous Inventories 60,000 Inventories Property, Plant, & Equip 200,000 Spontaneous Property, plant, & Equip Total Assets 460,000 Total Assets 20,000 Liabilities & Equity Liabilities & Equity 80,000 Spontaneous Accounts Payable Accounts Payable Accruals 20,000 Spontaneous Accruals Bonds Payable 100,000 Discretionary Bonds Payable 90,000 Common Stock 150,000 Discretionary Common Stock 150,000 Retained Earnings 110,000 Discretionary Retained Earnings 150,000 Additional Funds Needed Total Liabilities & Equity 460,000 Total Liabilities & Equity 390,000 2021 Sales Actual: 800,000 2022 Sales Forecast: 1,000,000 Actual Forecast 12/31/21 Management Assumptions 12/31/22 Assets % of sales Assets Cash 80,000 Spontaneous Cash Marketable Securities 20,000 Discretionary Marketable Securities 20,000 Accounts Receivable 100,000 Accounts Receivable Spontaneous Spontaneous Inventories 60,000 Inventories Property, Plant, & Equip 200,000 Spontaneous Property, plant, & Equip Total Assets 460,000 Total Assets 20,000 Liabilities & Equity Liabilities & Equity 80,000 Spontaneous Accounts Payable Accounts Payable Accruals 20,000 Spontaneous Accruals Bonds Payable 100,000 Discretionary Bonds Payable 90,000 Common Stock 150,000 Discretionary Common Stock 150,000 Retained Earnings 110,000 Discretionary Retained Earnings 150,000 Additional Funds Needed Total Liabilities & Equity 460,000 Total Liabilities & Equity 390,000