In this problem the assest section has been completed correctly. The Liabilities section is incorrect starting with the (accouts payable thru equity).

The answers have already been provided (per the red marks). Please provided the steps to gain the provided answers for each areas from (account payable thru equity).

Please use the following projections for Top-A1 Inc.: .Total sales of $147,000 Cost of goods sold equal to 76.9 percent of sales Total expenses equal to 14.7 percent of sales Tax rate of 35 percent Beginning equity of $45,300 Beginning inventory of $11,300 Age of ending inventory of 61 days Minimum cash balance of $9,100 Accounts receivable of 32 days . Fixed assets of $56,600 Accounts payable of 36 days Create a pro-forma balance sheet. Calculate the long-term debt as the balancing amount. 9,100 12,888 18,892 56,600 97,480 Cash Accounts receivable Inventory Fixed assets Total assets Liabilities Accounts payable Long-term debt Total liabilities Equity Total liabilities and equity 11,898 35,306 47,204 50,276 97,480