BHM$,$ Inc. has the following balance sheet:

BHM$,$ Incorporated Balance Sheet as of $12/31/$X$0$

Assets Liabilities and Equity

Cash $ $1,600$ Accounts payable $ $14,300$

Marketable securities $1,900$ Accruals $5,000$

Accounts receivable $15,350$ Bank loan payable $3,500$

Inventory $17,440$ Long$-$term debt $15,767$

Plant and equipment $24,377$ Common stock $10,000$

Retained earnings $12,100$

$ $60,667$ $ $60,667$

Sales are currently $$60,000$ but are expected to fall to $$42,000,$ which will require a contraction of assets. Since the firm is contracting, management would like to retire the long$-$term debt; however, the terms of the issue do not permit a partial repayment. Management would like to retain the short$-$term bank loan, but the bank will not renew the loan if the renewal results in the firm having a current ratio of less than $2$:$1.$ Since the firm is contracting, management would like to increase the marketable securities by $$1,500$ to meet emergencies. However, if the firm needs funds to retire debt, management is willing to liquidate all the marketable securities$.$ The firm's historical profit margin on sales of $10$ percent and the firm's policy of distributing $20$ percent of earnings will be maintained.

To help forecast the firm's future financial position, fill in all the anticipated entries in the following balance sheet using the percentage of sales applied to accounts receivable, inventory, accounts payable, and accruals prior to any change in the firm's debt structure. Some of the numbers have been provided, and since the entries are anticipated, the sum of the two sides need not be balanced. Do not round intermediate calculations. Round your answers to the nearest dollar. Enter your answers as positive values.

BHM$,$ Incorporated Balance Sheet as of $12/31/$X$0$

Assets Liabilities and Equity

Cash $ $1,600$ Accounts payable $ $10,010$

Marketable securities

Accruals

Accounts receivable

Bank loan payable

Inventory

Long$-$term debt

Plant and equipment

Common stock

Retained earnings

$

$

The projected

$-$Select$-$

amount is $

$.$

Can the firm retain the short$-$term bank loan? Round your answer to two decimal places.

The forecasted current ratio is

$.$ Since it is

$-$Select$-$

$2$:$1,$ the firm

$-$Select$-$

renew the short$-$term bank loan.

Can the firm retire the long$-$term debt?

The management will have

$-$Select$-$

funds to retire the entire amount of long$-$term debt.

If the firm distributed no dividends and retained all of its earnings, could the firm retire the long$-$term debt? Round your answers to the nearest dollar.

The total amount raised $($including dividends and marketable securities$)$ is $

and it would be

$-$Select$-$

to retire the long$-$term debt.

According to the previous answers, the management should

$-$Select$-$

$.$

Construct a new pro forma balance sheet that incorporates all the anticipated changes in the assets, liabilities, and equity assuming that the firm pays the dividend. If the firm has excess cash, add it to the existing cash. Round your answers to the nearest dollar. If the answer is zero, enter $"0".$

BHM$,$ Incorporated Balance Sheet as of $12/31/$X$1$

Assets Liabilities and Equity

Cash $

$ Accounts payable

Marketable securities

Accruals

Accounts receivable

Bank loan payable

Inventory

Long$-$term debt

Plant and equipment

Common stock

Retained earnings

$

$