P12-12 (similar to) Question Help Pro forma balance sheet Next year. California Cement Company will increase is plant property, and equipment by $6.000.000 with a plant expansion. The inventories will grow by 54% accounts receivable will grow by 12% and marketable securities will be reduced by 68% to help finance the expansion Assume other as accounts will remain the same and the company will use long-term date to finance the remaining expansion costs (no change in common stock of retained earnings). Using this information and the balance sheet in the popup window for Calfornia Cement Company for 2013. prepare a pro forma balance sheet for 2014. How much additional debt will the company need using this profoma balance sheet? Complete the proforma balance sheet for 2014 below (Round to the nearest dollar.) California Cement Company Pro Forma Balance Sheet for the Year Ending December 31, 2014 ASSETS LIABILITIES Current assets Current abilities Cash $ Accounts payable Marketable securities Other current liabilities $ Accounts receivable $ Total current liabilities $ Investors $ Long-term abiities Total current assets $ Long term debe $ Long-term Other long-term liabilities $ Plant, property, and equipment Total long-term Habilities $ Goodwill Total liabilities $ Intangible assets OWNERS' EQUITY Total long-term assets Common stock $ Retained earnings Total ownequity $ TOTAL LIABILITIES AND TOTAL ASSETS OWNERS' EQUITY $ Data Table $ $ $ 6,181000 1.156.000 7.337.000 $ California Content Company Balance Sheet for the Year Ending December 31, 2013 ASSETS LIABILITIES Current assets Current liabilities Cash $ 1,468.000 Accounts payable Marketable securities 5 1,138.000 Other current liabilities Accounts receivable $ 3.793.000 Total current liabilities Inventories 5 2,586.000.ong termes Total current assets 5 9,065.000 Long-term debt Long-term sets Other long term bites Plant, property and equipment 5 6,798.000 Total long-term liabilities Goodwill 5 4,025.000 Total Babies intang ble assets $ 1,502.000 OWNERS' EQUITY Total long-term assets 5 12,325,000 Common stock Retained eaming Total owners' equity TOTAL LIABILITIES AND TOTAL ASSETS 21,390.000 OWNERS' EQUITY $ 2453.000 1,577,000 4,030,000 11.367,000 5 $ 5 $ $ 2.468.000 7.555.000 10.023.000 S 21.390.000 Print Done