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 15 percent to $460 million. Current assets, fixed assets, and short-term debt are 15 percent, 70 percent, and 5 percent of sales, respectively. Charming Florist pays out 25 percent of its net income in dividends. The company currently has $130 million of long-term debt and $58 million in common stock par value. The profit margin is 12 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 complete but not entirely correct. Assets Balance Sheet Liabilities and equity 60,000,000 Short-term debt 280,000,000 Long-term debt Current assets $ $ 20,000,000 Fixed assets 130,000,000 $ Common stock Accumulated retained earnings 00 58,000,000 36,000,000 X Total equity $ 94,000,000 X 244,000,000 X Total assets $ 340,000,000 Total liabilities and equity $ 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.) X Answer is complete but not entirely correct. External financing needed $ 96,000,000 X --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.) Answer is complete but not entirely correct. Assets Balance Sheet Liabilities and equity 69,000,000 Short-term debt 322,000,000 Long-term debt Current assets 23,000,000 130,000,000 Fixed assets Common stock $ 58,000,000 77,400,000 x Accumulated retained earnings Total equity 391,000,000 Total liabilities and equity $ $ 135,400,000 X 288,400,000 X Total assets c-2. Calculate the external funds needed. (Do not round intermediate calculations and enter your an 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 $ 102,600,000 LI