6. Reorganization plan Aa Aa Your task is to analyze Puyol Corp.'s reorganization plan Puyol Corp. has reported losses for the past three years and has finally decided to file for bankruptcy. You know that the company has preferred stock A that has a par value of $120.50, pays a dividend of $7 per share, and that there are 1,600,000 shares of this class outstanding. Preferred stock B is callable at $150, has 80,000 shares outstanding, and pays a dividend of $12.00 per share. The company's common stock has a par value of $2.00 and has 8,000,000 shares outstanding. You have also collected the following data from the company's financial statements: Puyol Corp. Data from Financial Statements (Millions of dollars) Balance Sheet Income Statement 1,350.00 $420.00 Current liabilities $105.00 Net sales Current assets Net fixed assets 382.50 Advance payments 95.00 Operating expense 290.00 Goodwill 15.00 Net operating income 37.50 Reserves 60.00 192.80 Other income Class A Preferred stock 7.50 Class B Preferred stock 2.00 EBT 67.50 Common stock 16.00 Taxes (50%) 33.75 Retained earnings 304.20 Net income 33.75 Dividends on Class A Preferred stock 18.00 Dividends on Class B Preferred stock 50 Total assets $840.00 Total claims $840.00 Income available to common stockholders $14.25 Puyol's creditors have agreed to a voluntary reorganization plan with the following settlements: Each share of preferred stock A will be exchanged for one share of preferred stock C with a par value of $39.77 that pays a dividend of $2.800 per share, plus one 11% subordinated income debenture that carries a par value of $79.53 Preferred stock B that pays a dividend of $12.00 per share will be settled with cash at a call price of $150 Based on the information you have, calculate and fill in the values in the pro-forma financial statements of Puyol Corp. for the reorganization plan