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Points: 0 of 6 Save Pro forma balance sheet. Next year, California Cement Company will increase its plant, property, and equipment by $ 6 ,

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Pro forma balance sheet. Next year, California Cement Company will increase its plant, property, and equipment by $6,000,000 with a plant expansion. The inventories will grow by 80%, accounts receivable will grow by 70%, and marketable securities will be reduced by 60% to help finance the expansion. Assume all other asset accounts will remain the same and the company will use long-term debt to finance the remaining expansion costs (no change in common stock or retained earnings). Using this information and the balance sheet in the popup window, California Cement Company for 2013, prepare a pro forma balance sheet for 2014. How much additional debt will the company need using this pro forma balance sheet? , for q, Complete the pro-forma balance sheet for 2014 below: (Round to the nearest dollar.)
\table[[Pro Forma Balance Sheet for the Year Ending December 31,2,],[ASSETS,,LIABILITIES],[Current assets,,Current liabilities],[Cash,$,Accounts payable],[Marketable securities,$,Other current liabilities],[Accounts receivable,$,Total current liabilities],[Inventories,$,Long-term liabilities],[Total current assets,$,Long-term debt],[Long-term assets,,Other long-term liabilities],[Plant, property, and equipment,$,Total long-term liabilities],[Goodwill,$,Total liabilities],[Intangible assets,$,OwNERS' EQUITY],[Total long-term assets,$,Common stock]]
Data table
\table[[\table[[California Cement Company],[Balance Sheet for the Year Ending December 31,2013]]],[ASSETS,,,LIABILITIES,,],[Current assets,,,Current liabilities,,],[Cash,$,1,447,000,Accounts payable,s,6,125,000
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