Dahlia Colby, CFO of Charming Florist Ltd., has created the firm's pro forma balance sheet for the next fiscal year. Sales are projected to grow by 10 percent to $550 million. Current assets, fixed assets, and short-term debt are 15 percent, 80 percent, and 5 percent of sales, respectively. Charming Florist pays out 20 percent of its net income in dividends. The company currently has $139 million of long-term debt and $67 million in common stock par value. The profit margin is 10 percent. a. Construct the current balance sheet for the firm using the projected sales figure. (Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, rounded to the nearest whole dollar amount, e.g., 1,234,567.) Answer is not complete. Assets Balance Sheet Liabilities and equity 75,000,000 Short-term debt 400,000,000 Long-term debt Current assets $ $ 20,000,000 139,000,000 Fixed assets Accumulated retained earnings Common stock olol 249,000,000 X Total equity Total liabilities and equity Total assets $ 475,000,000 $ 475,000,000 b. Based on Ms. Colby's sales growth forecast, how much does Charming Florist need in external funds for the upcoming fiscal year? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole dollar amount, e.g., 1,234,567.) Answer is complete but not entirely correct. External financing needed $ 20,000,000 C-1. Construct the firm's pro forma balance sheet for the next fiscal year. (Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, rounded to the nearest whole dollar amount, e.g., 1,234,567.) X Answer is not complete. Balance Sheet Assets Liabilities and equity Current assets 82,500,000 440,000,000 Short-term debt Long-term debt 27,500,000 139,000,000 Fixed assets Common stock 67,000,000 253,000,000 X Accumulated retained earnings Total equity Total liabilities and equity Total assets 522,500,000 $ 522,500,000 c-2. Calculate the external funds needed. (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole dollar amount, e.g., 1,234,567.) X Answer is complete but not entirely correct. External financing needed $ 36,000,000