Pro forma balance sheet:

Peabody & peabody has $2019$ sales of $$10\mathrm{.}7$ million. It wishes to analyze, expected performance and financing needs for $2021-$ two years ahead. Given the following information respond to parts a$(1)$ The percents of sales for items that vary directly with sales are as follows: Accounts receivable; $12\mathrm{.}2\%,$ Inventory; $18\mathrm{.}4\%$; Accounts payable, $14\mathrm{.}5\%$; Net profit margin, $2\mathrm{.}8\%.$

$(2)$ Marketable securities and other current liabilities are expected to remain unchanged.

$(3)$ A minimum cash balance of $$475,000$ is desired. depreciation will be taken.

$(5)$ Accruals are expected to rise to $$505,000$ by the end of $2021.$

$(6)$ No sale or retirement of long$-$term debt is expected.

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

$(8)$ The dividend payout of $50\%$ of net profits is expected to continue.

$(9)$ Sales are expected to be $$11\mathrm{.}8$ million in $2020$ and $$11\mathrm{.}5$ million in $2021.$

$(10)$ The December $31,2019,$ balance sheet is here

a$.$ Prepare a pro forma balance sheet dated December $31,2021.$

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

a$.$ Prepare a pro forma balance sheet dated December $31,2021.$

Complete the assets part of the pro forma balance sheet for Peabody & Peabody for December $31,2021$ below: $($Round to the nearest dollar.$)$

Pro Forma Balance Sheet

Peabody & Peabody

December $31,2021$

$\backslash$table$[[$Assets$,],[$Current assets,$$$ and B$.$