Audit Enterprises is planning to purchase some new equipment. With this new equipment, the company expects sales to increase from $8,000,000 to $10,000,000. A portion of the financing for the purchase of the equipment will come from a $1,000,000 new common stock issue. The company knows that its current assets, fixed assets, accounts payable, and accrued expenses increase directly with sales. The company's net profit margin on sales is 8 percent, and the company plans to pay 40 percent of its after-tax earnings in dividends. A copy of the company's current balance sheet is given below. Audit Enterprises Balance Sheet Current assets Fixed assets Total assets $3,000,000 12,000,000 $15,000,000 Accounts payable $4,000,000 Accrued expenses 1,000,000 Long-term debt 3,000,000 Common stock 2,000,000 Retained earnings 5,000,000 Total liabilities and net worth $15,000,000 Prepare a pro forma balance sheet for Audit Enterprises for next year