M11-14. Adjust the Cash Balance The forecast of the income statement and balance sheet for Next Generation yields the following. LO3 $ millions 2019 Actual 2020 Est. Cash and cash equivalents $ 4,558 $ 6,127 Net sales... 42,668 43,552 Marketable securities 5,980 5,980 Long-term debt... 21,930 21,485 Treasury stock (4,561) (4,811) Required a. Does forecasted cash deviate from the normal level for this company? b. Is the deviation in part a large enough to require adjustment? Explain. c. Suggest three ways to adjust the forecasted cash balance. d. If we used marketable securities to adjust the cash balance, what would be the adjusted forecast for marketable securities? e. If we used treasury stock to adjust the cash balance, what would be the adjusted forecast for treasury stock