80. The following is the balance sheet for 2020 for Marbell Inc. Marbell Inc. Balance Sheet 09/30/2020 Assets Liabilities and Stockholders' Equity Cash S 15.000 Accts Payable S 90.000 Acets. Rec. 90,000 Notes payable (non-spontaneous) 30.000 Inventory 60,000 Accrued expenses 7.500 Current Assets 165.000 Current Liabilities 127,500 Fixed assets (non-spontaneous) 60,000 Common stock 75.000 Retained earnings 22 500 Total assets $225.000 Total Liabilities + S.E. Equity $225.000 Sales for 2020 were $300,000. Sales for 2021 have been projected to increase by 20% Assuming that Marbell Inc. is operating below capacity, calculate the amount of new funds required to finance this growth. Marbell has an 8% return on sales and 70% is paid out as dividends. Prepare the proforma balance for 30-09-2021. Answer: Percent of Sales Table Accts. Payable Accrued expenses Cash Accts. Rec. Inventory Current Assets (spontaneous) Current Liabilities (spontaneous)