for next year:

$(1)$ The firm has estimated that its sales will be $$899,000.$

$(2)$ The firm expects to pay $$34,700$ in cash dividends.

$(3)$ The firm wishes to maintain a minimum cash balance of $$30,800.$

$(4)$ Accounts receivable represent approximately $21\%$ of annual sales.

$(5)$ The firm's ending inventory will change directly with changes in sales.

$(6)$ Red Queen will purchase new machine costing $$43,100$ and have total depreciation of $$15,800.$

$(7)$ Accounts payable will change directly in response to changes in sales.

$(8)$ Taxes payable will equal one$-$fourth of the tax liability on the pro forma income statement.

$(9)$ Marketable securities$,$ other current liabilities, long$-$term debt, and common stock will remain unchanged.

a$.$ Prepare a pro forma income statement for next year, using the percent$-$of$-$sales method.

b$.$ Prepare a pro forma balance sheet for next year, using the judgmental approach.

Complete assets part of the pro forma balance sheet below: $($Round to the nearest dollar.$)$

Pro Forma Balance Sheet

Red Queen Restaurants

Total assets