Pro foma balance sheet-Basic Leonard Industries wishes to prepare a pro forma balance sheet for December 31,2020 . The firm expects 2020 sales to total 53,000,000. The following information has been gathered (1) A minimum cash balance of 550,300 is desired (2) Marketable securities are expected to remain unchanged (3) Accounts receivable represent 102% of sales. (4) Irventories represent 11.8% of sales (5) A new machine costing $90,300 will be acquired during 2020. Total depreciation for the year will be $31,800 (6) Accounts payable represent 14.3% of sales. (7) Accruals, other current fiabifies, long-term debt, and common stock are expected to remain unchanged. (8) The firm's net probe margin is 37%, and it expects to pay out 570.400 in cash dhidends during 2020 . (9) The December 31, 2019. balance sheot follows Fta a. Use the judgrnental approach to prepare a pro forma balance sheet dated December 31; 2020, for Leonard industries. b. How much, it any, additional financing will Leonard Industries require in 2020 ? Discuss. c. Could Leonard Industries adjust iss planned 2020 dividend to avoid the situation described in part b? Explain how a. Use the judgmental approach to prepare a pro forma balance sheet dated December 31,2020 , for Leonard Industries, Complete the assets part of the pro forma balance sheet for Leonard Industries for December 31,2020 below. (Round to the nearest dollar)