completing the pro forma income statement in problem 6-4, Mr. Tine now realizes uld also complete a pro forma balance sheet. Net sales in 2018 were $90,000 and forecasted sales for 2019 are $110,000. All of Sugar Cane Alley's current assets will remain the same per main the same percentage of sales as they were in 2018. Mr. Tine does not plan to buy or sell any equipment, so his gross property and equipment amount will remain the same as 2018. In the liabilities and equity section, only accounts payable will remain the same percentage of sales as in 2018. Except for retained earnings, the other accounts are expected to remain the same value as 2018. The following balances were taken from Sugar Cane Alley's end-of-2018 balance sheet: Cash $10,000 Accounts Receivable you 2,220 Inventory innocimiento 8,000 Property and Equipment (gross) 25,000 Accumulated Depreciation 4,000 Property and Equipment (net) 21,000 Accounts Payable 1,380 Long-Term Notes Payable 8,000 Retained Earningside 5,000 Common Stock 0 00 0 26,840 son a. Calculate the forecasted end-of-2019 values for each of the current asset accounts. b. Depreciation expense for 2019 is estimated to be $2,000. Calculate the estimated total assets for the end of 2019. local c. Forecast the accounts payable for the end of 2019. d. What will total liabilities be at the end of 2019? e. Assuming the forecasted net income for 2019 is $19,351 and cash dividends paid equal $10,000, what total will be forecasted for the end-of-2019 total liabilities and equity? f. Based on these calculations of the pro forma balance sheet, are additional funds needed? d. Net income for 2018 was $14.840. What was Sugar Cane Alley's net profit margin for 2018? The forecasted net income for 2019 is $19,351. What is Sugar Cane Alley's forecasted 2019 net profit margin? Duath in