Score: 0 of 1 pt 8 of Bocorre HW Score: 37.5%, 3 of 8 pt P4-19 (similar to) Question Help Proforma balance sheet Peabody & Peabody has 2019 ses $10.8 milion zwishes to arsyze expected perfomance and financing costs for 20212 years ahead. Given e flowing information, respond as The percent of sales for tems that very direct we sales as follows: Accores rochu 124%, Wory1844. Accounts payable, 13.8% Net profe margin 27% (2) Marketable securities and other current we expected to remain unchanged (3 minimum cash balance of $478.000 is desired 4. A new machine ceeding 464.000 will be acqured in 2020, and equipment conting 3855.000 wa De purchased in 2021. Totul depreciation in 2000 is forecast as $295.000, and in 2021 5394.000 ot apreciation wil (5) Accare expecled to rise to 5496,000 by the end of 2091 (C) No sale or retirement of long term debitis expected (No a porch of common stock is expected (B) The dividend payout of 50% of niet profit is expected to (0) Sales are expected to be $11.7 million in 2020 and 511 milion in 2021 (10) The December 31, 2019. balance sheet is here Data Table CON (Click on the conter order to copy the core of wordshot) Leonard Industries Balance SheetDroember 31, 2018 Assets Liabilities and Stockholders' Equity 3387.000 Arts pupitia Marketables 201.000 AO Accounts receivable 1.100.000 Other current Inventories 1.800.000 Total current Total current assets $3.504000 Lorget Net 000 Commons Tots and Total 1750200 sochy 39,404.000 401.000 30,100 51.185.100 1.6.0 2.000 Ent 2 Check Answer Score: 0 of 1 pt Bot 8 (0 complete HW Score: 37.5%. 3 of 8 pts P4-19 (similar to) Question Help (9) The percent of ses for terms at vary directly with sales are as follows Accounts receive 124. Inventory, 18.4% Accounts payab, 13.6% Net profit maron, 27 12) Marketable securities and other current abies are expected to remain unchanged. (3) A minimum cash balance of $478,000 is desired (4) A new machine coding $654,000 will be acquired in 2020, and equipment costing $255.000 will be purchased in 2021. Total depreclution in 2020 is forecast as $295,000 and in 2021 5394,000 of depreciation wit beta (5) Accruals are expected to rise to $496,000 by the end of 2021 16) Nosale or retirement of long-term debt is expected Nosale or repurchase of common stock is expected (By The dividend payout of 50% of net profit is expected to continue (9) Sales are expected to be $117 milion in 2020 and $11.7 million in 2021 (10) The December 31, 2010. balance sheet is here a. Prepare a pro forma balance sheet dated December 31, 2021 b. Discuss the financing changes suggested by the state prepared in part(a) Data Table Coo Click on the icon here in order to copy the contents of the datatable below po a spreadsheet.) Leonard Industries Balance Sheet December 31, 2010 Assets Liabilities and Stockholders' Equity Cash $397,000 Accounts payable Marketable souris 201,000 Accruals Accounts receive 1.195.000 De current Inventories 1.800.000 Tot current les Total current assets $3.504.000 Long-term debit Noted as 3.99000 Common tok To alla Total $7.500 000 sockholders' equity 51.404000 01.000 B0100 51885.100 1068 000 3.718000 En 57.622.000 2 Check Answer Done