Please use the following projections for Top-A1 Inc.: Total sales of $151,000 Cost of goods sold equal to 76.6 percent of sales Total expenses equal to 14.8 percent of sales Tax rate of 35 percent Beginning equity of $54,200 Beginning inventory of $11,100 Age of ending inventory of 62 days Minimum cash balance of $10,800 Accounts receivable of 30 days Fixed assets of $61,200 . . Accounts payable of 34 days . Assume Top-A1 has a dividend payout of 38 percent and that the projected net earnings are $8,441. Create a pro-forma balance sheet. Calculate the long-term debt as the balancing amount. Top-A1 Inc. Pro-Forma Balance Sheet Assets: Cash Accounts receivable S Top-A1 Inc. Pro-Forma Balance Sheet Assets: Cash Accounts receivable Inventory Fixed assets Total assets Liabilities: Accounts payable Long-term debt Total liabilities Equity Total liabilities and equity $ $ $ $ $ $ SA S LA LA S