( Financial forecasting ) Zapatera Enterprises is evaluating its financing requirements for the coming year . The firm has only been in business for one year , but it's CFO predicts that the firm's operating expenses , current assets , net fixed assets , and current liabilities will remain at their current proportion of sales . Last year Zapatera had $1 1 . 25 million in sales with net income of $1 . 17 million . The firm anticipates that next year's sales will reach $14 . 74 million with net income rising to $2. 1 4 million . Given its present high rate of growth , the firm retains all of it's earnings to help defray the cost of new investments .* The firm's balance sheet for the year just ended is as follows : ] . Estimate Zapatera's total financing requirements ( total assets ) and its net funding requirements ( discretionary financing needed ) for 2014 . Note : Use the percentage of sales given in Zapatera Enterprises " balance sheet for 2013 Hint : Make sure to round all intermediate calculations to at least five decimal places . The 2014 retained earnings are $ 25400,00 . ( Round to the nearest dollar . !" Complete the pro forma balance sheet for 201 4 below : ( Round to the nearest dollar . ) Zapatera Enterprises , Inc. Pro forma Balance Sheet* 12/31/14 Current assets S 3, 537, 500 Net fixed assets* 8, 516, 477 Total 12 , 05.4, 077 Liabilities and Owners' Equity Accounts payable 4 , 061, 754 Long-term debt 2, 50.0, 000 Total liabilities 6, 56:1, 7:54 Common stock* 1, 200, 000 Paid - in capital 2, 0.00, 000 Retained earnings 2, 540, 000 Common equity* 5, 740, 000 Tata 12, 301 , 7:54 - 247677