Question 10 Prepare a 2013 proforma balance sheet for Blue Mango Inc. based on the 2012 balance sheet and the conditions below. Indicate the amount, if any, of external financing that Blue Mango will need for 2013. a. The company expects sales of $3 million for 2013 b. The company wants to maintain a minimum cash balance of $50,000. A new machine that costs $90,000 will be purchased during 2013 and total depreciation for the year will be $32,000. d. Marketable securities are expected to remain Leonard Industries Balance Sheet December 31, 2012 the same. Assets Liabilities and Stockholders' Equity Accounts receivable represent 10% of sales. Cash $ 45,000 Accounts payable $ 395,000 f. Inventories represent 12% of sales. Marketable securities 15,000 Accruals 60,000 Accounts payable represent 14% of sales. Accounts receivable 255,000 Other current liabilities 30.000 340.000 h. Inventories Accruals, other current liabilities, long-term Total current habilities $ 485,000 Total current assets $ 655,000 Long-term debt 350,000 debt and common stock are expected to Net fixed assets Total liabilities $335.009 remain the same Total assets $1.255.000 Common stock i. Net profit margin is 4%. 220,000 Total liabilities and The firm expects to pay out $70,000 in stockholders' equity $1.295.000 cash dividends during 2013. bios 600.000 200.000 Retained earnings