6.Kwik-E-Mart has prepared a pro-forma balance sheet for 2021. Most accounts have been concealed (by ####), but total liabilities and equity is equal to $65,000. Would Kwik-E-Mart have a need for external financing in 2021? Provide a yes or no answer and a 1-2 sentence explanation. Note that NO CALCULATIONS ARE NECESSARY FOR THIS QUESTION.

Kwik-E-Mart - Proforma Balance Sheet 2021
	2021			2021
Cash	#######		Accounts payable	#######
Accounts receivable	#######		Notes payable	#######
Inventory	#######		Total Current liabilities	#######
Current assets	#######		Long Term Debt	#######
			Total liabilities	#######
Fixed assets	#######		Common Stock Equity	#######
			Retained earnings	#######
			Total equity	#######
Total assets	$50,000		Total liabilities & equity	$65,000

7.Refer to Kwik-E-Marts proforma balance sheet from question 6. What can the company do to make its balance sheet balance?

		Increase fixed assets
		Increase long-term debt
		Decrease notes payable
		Increase fixed assets AND/OR increase long-term debt
		Increase fixed assets AND/OR decrease notes payable