(Forecasting financingneeds) Beason Manufacturing forecasts its sales next year to be $6.3 million and expects to earn 5.4 percent of that amount after taxes. The firm is currently in the process of projecting its financing needs and has made the following assumptions(projections):

Current assets are equal to 19.9 percent ofsales, and fixed assets remain at their current level of $0.9 million.

Common equity is currently $0.77 million, and the firm pays out half of itsafter-tax earnings in dividends.

The firm hasshort-term payables and trade credit that normally equal 12.5 percent ofsales, and it has nolong-term debt outstanding.

What areBeason's financing needs for the comingyear?

Beason's expected net income for next year is $

340200

340200. (Round to the nearestdollar.)

Beason's expected common equity balance for next year is $

940100

940100. (Round to the nearestdollar.)

EstimateBeason's financing needs by completing the pro forma balance sheetbelow:(Round to the nearestdollar.)

Beason Manufacturing

Pro forma Balance Sheet

Next Year

Current assets

$

1253700

Net fixed assets?

Total assets?

$

Payables/Trade credit?

Long-term debt?

Total liabilities?

$

Common equity?

Total liabilities and common equity?

$