Pro forma balance sheet Peabody & Peabody has 2022 sales of $10.1 million. It wishes to analyze expected performance and financing needs for 2024-2 years ahead. Given the following information, respond to parts a. and b. (1) The percents of sales for items that vary directly with sales are as follows: Accounts receivable; 11.9%, Inventory; 17.8%; Accounts payable, 14.3%; Net profit margin, 3.3%. (2) Marketable securities and other current liabilities will remain unchanged. (3) Peabody desires a minimum cash balance of $478,000. (4) A new machine costing $652,000 will be acquired in 2023, and equipment costing $852,000 will be purchased in 2024. Total depreciation in 2023 is forecast as $286,000, and in 2024 $391,000 a depreciation will be taken. (5) Accruals will rise to $498,000 by the end of 2024. (6) There will be no sale or retirement of long-term debt. (7) No sale or repurchase of common stock is expected. (8) The dividend payout of 50% of net profits will continue. (9) The sales forecast predicts $11.0 million in 2023 and $11.2 million in 2024. (10) The December 31, 2022, balance sheet is here a. Prepare a pro forma balance sheet dated December 31, 2024. Complete the assets part of the pro forma balance sheet for Peabody & Peabody for December 31, 2024 below: (Round to the nearest dollar.) Assets Current assets Cash Pro Forma Balance Sheet Peabody & Peabody December 31, 2024 Marketable securities Accounts receivable Inventories $ $ $ **** A

Pro forma balance sheet Peabody 8 Peabody has 2022 sales of $10.1 milion, it wishes to analyze expected performance and frnancing needs for 20242 years ahead. Given the following information, respond to parts a. and b. (2) Marketablo securties and other current liabilites will remain unchanged. (3) Peabody desires a minimum cash balance of $478,000 (4) A new machire costing $652,000 will be acquired in 2023, and equipment costing $852,000 will be parchased in 2024 . Total depeeciaton in 2023 is forecast as $286,000, and in 2024$391,000 depreciation will be taken. (5) Accruals will rise 10$498,000 by the end of 2024 (6) There wit be no sale or retitement of long-ferm debt (7) No sais or repurchise of common stock is expected. (8) The dividend payout of 50% of net peofita wall continue (9) The sales forecast predicts $11.0 milion in 2023 and $11.2 milion in 2024 (10) The December 31, 2022 . balance sheet is here following information, respend to parts a. and b. (1) The percents of sales for cems that vary directy with sales are as follows Acobunts receivable; 11.9\%, Invertory; 17.8%; Accounts payable, 14.3%; Net profi margin, 3.3%. (2) Marketable secuirlies and other current liabilities will remain unchanged. (3) Peabody desires a minimum cast balance of $478,000 (4) A new machine costing $652,000 will be acquired in 2023 , and equipment costing $852,000 wil be purchased in 2024 . Total depreciaton in 2023 is forecast as $286.000, and in 2024$391,000 depreciation well be taken. (5) Accruats will nue to $498,000 by the end of 2024 (5) There will be no sale or retirement of long term dobt (7) No sale or repurchase of common stock is expected. (8) The dividend payout of 50% of net proftas will continue. (9) The sales forecost predicts $11,0 million in 2023 and $11.2 million in 2024 (10) The Docember 31,2022 , balance sheet is here a. Prepare a pro forma balance sheot dated December 31, 2024 Complete the ascets part of the pro forme balance sheet for Peabody \& Peabody for December 31, 2024 below (Round to the nearest dollar) Pro forma balance sheet Peabody \&. Peabody has 2022 sales of $10.1 million. It wishes to analyze expected performance and financing needs for 2024 following information, respond to parts a. and b. (1) The percents of sales for items that vary directly with sales are as follows: Accounts receivable; 11.9%, Inventory; 17.8%; Accounts payable, 14.3%; Net Data table is foreca (Click on the icon here 0 . in order to copy the contents of the data table below into a spreadsheet.) Pro forma balance sheet Peabody \& Peabody has 2022 sales of $10.1 million. It wishes to analyze expected performance and financing needs for 20242 years ahead. Given the ollowing information, fespond to parts a. and b. 1) The percents of sales for items that vary divectly with sales are as follows: Accounts recelvable; 11.9\%, Inventory; 17.8\%; Accounts payable, 14.3\%; Net profit margin, 3.3\%: (2) Marketable securities and other current liabilitios will temain unchanged. Data table s forecast as $286,000, and in 2024 (Click on the icen here o in order to copy the contents of the data table below into a spreadsheet.)