Please use the following projections for Top-A1 Inc:

total sales: $149,000

Cost of goods sold equal to 74.7 percent of sales

total expenses equal to 14.5 percent of sales

Tax rate of 35%

beginning equity of $52,200

Beginning inventory of $11,700

Age of ending inventory of 59 days

minimum cash balance of $10,200

Accounts receivable of 31 days

fixed assets of $56,400

Accounts payable of 36 days

Assume Top-A1 has a dividendpayout of 36 percent and that the projected earnings are $10,460. Create a pro-forma balance sheet. Calculate the long-term debt as the balancing amount.

Find:

Cash =

Accounts receivable=

Inventory =

Fixed assets=

Total assets=

Accounts payable=

long-term debt=

total liabilities=

Equity=

Total liabilitiesand equity=