Please use the following projections for Top-A1 Inc.:

Total sales of $150,000

Cost of goods sold equal to 76.4 percent of sales

Total expenses equal to 14.1 percent of sales

Tax rate of 35 percent

Beginning equity of $51,500

Beginning inventory of $13,000

Age of ending inventory of 61 days

Minimum cash balance of $9,300

Accounts receivable of 28 days

Fixed assets of $59,400

Accounts payable of 35 days

Assume Top-A1 has a dividend payout of 42 percent. When total sales are $150,000, age of payables is 35 days, and long-term debt is $30,908, what would be the impact on Top-A1's pro-forma long-term debt if sales were to change to

$195,000 and the age of payables were to change to 46 days?

Complete the Balance Sheet Below:

Assets:

Cash $

Accounts Receivable $

Inventory $

Fixed Assets $

Total Assets $

Liabilities:

Accounts Payable $

Long Term Debt $

Total Liabilities $

Equity $

Total Liabilities and Equity $