O 0 Total sales of $154,000 Cost of goods sold equal to 77.4 percent of sales Total expenses equal to 14.3 percent of sales Tax rate of 35 percent Beginning equity of $52,000 Beginning inventory of $12,400 Age of ending inventory of 58 days Minimum cash balance of $10,700 Accounts receivable of 32 days Fixed assets of $60,900 Accounts payable of 34 days 0 Assume Top-A1 has a dividend payout of 37 percent. When total sales are $154,000, age of payables is 34 days, and long-term debt is $35,096, what would be the impact on Top-A1's pro-forma long-term debt if sales were to change to $204,000 and the age of payables were to change to 47 days? Complete the pro-forma income statement for Top-A1 below: (Round to the nearest dollar.) Top-A1 Inc. Pro Forma Income Statement Sales FA $ $ Cost of goods sold Gross profit Total operating expenses Earnings before tax (EBT) Taxes $ Net earnings Top-A1 Inc. Pro-Forma Balance Sheet Assets: Cash $ Accounts receivable Inventory $ Fixed assets $ Total assets $ Liabilities: Accounts payable 7 Liabilities: Accounts payable $ Long-term debt $ Total liabilities $ Equity Total liabilities and equity $ (Select from the drop-down menu.) The pro-forma long-term debt will by $ . (Round to the nearest dollar.) O 0 Total sales of $154,000 Cost of goods sold equal to 77.4 percent of sales Total expenses equal to 14.3 percent of sales Tax rate of 35 percent Beginning equity of $52,000 Beginning inventory of $12,400 Age of ending inventory of 58 days Minimum cash balance of $10,700 Accounts receivable of 32 days Fixed assets of $60,900 Accounts payable of 34 days 0 Assume Top-A1 has a dividend payout of 37 percent. When total sales are $154,000, age of payables is 34 days, and long-term debt is $35,096, what would be the impact on Top-A1's pro-forma long-term debt if sales were to change to $204,000 and the age of payables were to change to 47 days? Complete the pro-forma income statement for Top-A1 below: (Round to the nearest dollar.) Top-A1 Inc. Pro Forma Income Statement Sales FA $ $ Cost of goods sold Gross profit Total operating expenses Earnings before tax (EBT) Taxes $ Net earnings Top-A1 Inc. Pro-Forma Balance Sheet Assets: Cash $ Accounts receivable Inventory $ Fixed assets $ Total assets $ Liabilities: Accounts payable 7 Liabilities: Accounts payable $ Long-term debt $ Total liabilities $ Equity Total liabilities and equity $ (Select from the drop-down menu.) The pro-forma long-term debt will by $ . (Round to the nearest dollar.)