Pro forma balance sheet Peabody & Peabody has 2019 sales of $ 10.7 million. It wishes to analyze expected performance and financing needs for 2021 -- 2

years ahead. Given the following information, respond to parts a. and b

Pro Forma Balance Sheet
Peabody & Peabody
December 31, 2021
Assets
Current assets
Cash	$
Marketable securities	$
Accounts receivable	$
Inventories	$
Total current assets	$
Net fixed assets	$
Total assets	$

IIL UIT WIL ILUIT IULallu Ull e lupyit LUMILI UI ile uala laule ULIUWII UUU U LUPY IS CUILIIS ILU a spiedustel.) Cash Leonard Industries Balance Sheet December 31, 2019 Assets Liabilities and Stockholders' Equity $400,000 Accounts payable Marketable securities 203,000 Accruals Accounts receivable 1,195,000 Other current liabilities Inventories 1,803,000 Total current liabilities Total current assets $3,601,000 Long-term debt Net fixed assets 4,003,000 Common stock Total liabilities and Total assets $7,604.000 stockholders' equity $1,395,000 401,000 79,600 $1,875,600 2,004,400 3,724,000 $7,604,000 (1) The percents of sales for items that vary directly with sales are as follows: Accounts receivable; 12.1%, Inventory; 17.6%; Accounts payable, 13.7%; Net profit margin, 3.2%. (2) Marketable securities and other current liabilities are expected to remain unchanged. (3) A minimum cash balance of $476,000 is desired. (4) A new machine costing $651,000 will be acquired in 2020, and equipment costing $847,000 will be purchased in 2021. Total depreciation in 2020 is forecast as $294,000, and in 2021 $391,000 of depreciation will be taken. (5) Accruals are expected to rise to $503,000 by the end of 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 (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 $11.6 million in 2020 and $11.5 million in 2021. (10) The December 31, 2019, balance sheet is here a. Prepare a pro forma balance sheet dated December 31, 2021. h Dicuntha financinn rhanan Puncted hurthantatamant nranaradin nantial Assets Current assets Cash Marketable securities