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$(1)$ The percents of sales for items that vary directly with sales are as follows: Accounts receivable; $11\mathrm{.}7\%,$ Inventory; $17\mathrm{.}5\%$; Accounts payable, $14\mathrm{.}4\%$; Net profit margin, $2\mathrm{.}9\%.$

$(2)$ Marketable securities and other current liabilities will remain unchanged.

$(3)$ Peabody desires a minimum cash balance of $$477,000.$

$(4)$ A new machine costing $$653,000$ will be acquired in $2023,$ and equipment costing $$848,000$ will be purchased in $2024.$ Total depreciation in $2023$ is forecast as $$293,000,$ and in $2024$$$395,000$ of depreciation will be taken.

$(5)$ Accruals will rise to $$504,000$ by the end of $2024.$

$(6)$ There will be no sale or retirement of long$-$term debt.

$(7)$ No sale or repurchase of common stock is expected.

$(8)$ The dividend payout of $50\%$ of net profits will continue.

$(9)$ The sales forecast predicts $$11\mathrm{.}7$ million in $2023$ and $$11\mathrm{.}5$ million in $2024.$

$(10)$ The December $31,2022,$ balance sheet is here

a$.$ Prepare a pro forma balance sheet dated December $31,2024.$

b$.$ Discuss the financing changes suggested by the statement prepared in part $($a$).$

a$.$ Prepare a pro forma balance sheet dated December $31,2024.$

Complete the assets part of the pro forma balance sheet for Peabody & Peabody for December $31,2024$ below: $($Round to the nearest dollar.$)$

Pro Forma Balance Sheet

Peabody & Peabody

December $31,2024$

Data table

$($Click on the icon here $$ in order to copy the contents of the data table below into a spreadsheet.$)$

Peabody & Peabody Balance Sheet December $31,2022$