In preparing to go to the bank for the necessary loan, the Mahons want to prepare projected financial statements showing that Santa Fe Trading Company can make a profit and pay back the loan. They also want to know more precisely how much they will need to borrow from the bank to open the doors for business. The Mahons plan to prepare five years of balance sheet, income statement, and cash budget data for the bank. They must also develop an opening balance sheet as of the day they plan to open the doors, July 1, 2019. These pro forma financial statements will aid them, and the bank officer, in answering many questions including: 1. How much financing will be needed to open the doors of the business in July 2019? 2. Five full years (including 2024) of pro forma balance sheet and income statement data must be prepared to determine if additional financing is needed, and if so, how much. Steven's finance background tells him that the estimated financing needed each year will be an accounting plug figure to ensure that the balance sheet balances. If projected assets exceed liabilities and equity, the difference will be the bank's borrowing