Question 16 5 pts Dennion, Inc. has the following balance sheet. Account Cash Accounts receivable Inventory Fixed assets Total assets Current Year $750,000 5.250,000 4.500.000 4.500.000 $15,000,000 Accounts payable $ 1,500,000 Bank loan Long-term bond Stockholders' equity Total Liability & Equity 2.250,000 3,000,000 8.250.000 $15,000,000 Dennison is planning for a sales increase of 10% next year. Sales are currently $22,500,000. Cash, receivables, and inventory will increase proportionally to sales. The bank loan will increase to $3,000,000. Sinking fund payments will decrease the bond balance by 300,000. The firm has a 5.0% profit margin and is expecting to pay a nominal dividend of $400,000 to its common stockholders. Prepare a pro forma balance sheet for next year. Which of the following statements is FALSE? Please click on the following link to access a blank Excel-type worksheet: Blank XLS Worksheet.xls 10 Forecasted total assets are $16.5 million O Forecasted total assets are $16.5 million O Forecasted total liabilities are $7.35 million Forecasted stockholder's equity is $9.087,500 O Additional funds needed is $72,500