Pro forma balance sheet. Next year, National Beverage Company will increase its plant, property, and equipment by $4,046,000 with a plant expansion. The inventories will grow by 26%, accounts receivable will grow by 21%, and marketable securities will be reduced by 51% 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, for National Beverage Company for 2013, prepare a pro forma balance sheet for 2014. How much additional debt will the comparty need using this pro forma balance sheet? Complete the proforma balance sheet for 2014 below. (Round to the nearest dollar) National Beverage Company Pro Forma Balance Sheet for the Year Ending December 31, 2014 ASSETS LIABILITIES Current assets Current liabilities Cash $ Accounts payable Marketable secues $ Other current liabilities $ Accounts receivable Total current liabilities Inventories Long-term liblities Total current assets Long-term debit Long-term assots Other long-term liabilities $ $ S $ $ $ s S 31 $ Long-term assets Other long-term liabilities Plant, property, and equipment S Total long-term liabilities Goodwill $ Total liabilities Intangible assets S OWNERS' EQUITY Total long-term assets S Common stock Retained earnings Total owners' equity TOTAL LIABILITIES AND TOTAL ASSETS OWNERS' EQUITY How much additional debt will be estimated using this pro forma balance sheet? $(Round to the nearest dollar) s s $ Rc ASSETS Current assets $ $ $ $ Cash Marketable securities Accounts receivable Inventories 5,619.000 3.268.000 8,887.000 $ $ $ I LIABILITIES Current liabilities 2,483,000 Accounts payable 1,607,000 Other current liabilities 2,799,000 Total current liabilities 1,659,000 Long-term liabilities 8,548,000 Long-term debt Other long-term liabilities 13.619.000 Total long-term liabilities 1.489.000 Total liabilities 6,441,000 OWNERS' EQUITY Total current assets $ A s 1365.000 2,890,000 4,255,000 13,142,000 $ Long-term assets Plant, property, and equipment Goodwill Intangible assets S S S $ Inventories $ Total current assets VA $ $ 1,365,000 2,890,000 4,255,000 13,142,000 Long-term assets Plant, property, and equipment Goodwill Intangible assets Total long-term assets $ LA 1,659,000 Long-term liabilities 8,548,000 Long-term debt Other long-term liabilities 13,619,00 Total long-term liabilities 1,489,000 Total liabilities 6.441,000 OWNERS' EQUITY 21,549,000 Common stock Retained earnings Total owners' equity $ $ $ $ $ $ 6,878,000 10.077,000 16,955,000 $ in TOTAL LIABILITIES AND $ 30,097,000 $ TOTAL ASSETS 30,097,000 OWNERS' EQUITY