Forecasted Balance Sheet (30 points) DURA-CLEAR WINDOWS, LLC Proforma Balance Sheet 2020 2021 2022 2023 2024 2025 2026 2027 ASSETS Cash 30,000 40,000 30,000 50,000 50,000 50,000 50,000 50,000 Marketable Securities 20,000 25,000 30,000 30,000 30,000 30,000 30,000 30,000 Accounts Receivable 170,000 259,000 360,000 Inventory 230,000 261,000 290,000 Total Current Assets: 450,000 585,000 710,000 Plant and equipment 650,000 765,000 Less: accumulated depreciation (65,000) (141,500) Net Plant and equipment 585,000 623,500 Total Assets 1,035,000 1,208,500 1,390,000 2,140,000 (280,500) (494,500) 1,109,500 1,645,500 1,819,500 2,140,000 (494,500) (494,500) (494,500) (494,500) 1,645,500 1,645,500 1,645,500 1,645,500 2,140,000 2,140,000 2,140,000 LIABILITIES & STOCKHOLDER'S EQUITY Accounts Payable 200,000 310,000 505,000 Accrued Expenses 20,400 30,000 35,000 Total Current Liabilities 220,400 340,000 540,000 Long-term Liabilities 325,000 363,600 703,900 Total Liabilities 545,400 703,600 1,243,900 Common Stock ($1 par) Capital paid in excess of par 60,000 60,000 78,000 190,000 190,000 262,000 Retained Earnings 239,600 254,900 235,600 Total Stockholder's Equity 489,600 504,900 575,600 Total Liabilities & Stockholder's Equity 1,035,000 1,208,500 1,819,500