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Please use the following projections for Top-A1 Inc.: Total sales of $150000 Cost of goods sold equal to 74.1 percent of sales Total expenses equal

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

Total sales of $150000

Cost of goods sold equal to 74.1 percent of sales

Total expenses equal to 13.5 percent of sales

Tax rate of 35 percent

Beginning equity of $51,500

Beginning inventory of $ 11,900

Age of ending inventory of 59 days

Minimum cash balance of $9,800

Accounts receivable of 30 days

Fixed assets of $63,400

Accounts payable of 35 days

Complete the pro-forma balance sheet below:(Round to the nearest dollar.)

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

$

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