Statement of Financial Position (Balance Sheet) Nestle Berhad December 31, 2018 Actual Balance % of sales Sheet Year 2017 Pro Forma Balance Sheet Year 2018 Assets Current assets $550,000 Fixed assets 850,000 Total assets 1.400.000 Liabilities and Equity Accounts payable 300,000 Accrued Expenses 100,000 Notes payable 100,000 Long-term debt 200,000 Total liabilities 700,000 Common stock 280,000 Retained earnings 420,000 700,000 Stockholders' equity Total liabilities and 1.400.000 stockholders' equity Additional funds needed (AFN) (Note: Students to answer in this question sheet) ****END OF QUESTIONS**** FORMULA: Projected RE - Present RE + Projected Net Income - Common Dividend Statement of Financial Position (Balance Sheet) Nestle Berhad December 31, 2018 Actual Balance % of sales Sheet Year 2017 Pro Forma Balance Sheet Year 2018 Assets Current assets $550,000 Fixed assets 850,000 Total assets 1.400.000 Liabilities and Equity Accounts payable 300,000 Accrued Expenses 100,000 Notes payable 100,000 Long-term debt 200,000 Total liabilities 700,000 Common stock 280,000 Retained earnings 420,000 700,000 Stockholders' equity Total liabilities and 1.400.000 stockholders' equity Additional funds needed (AFN) (Note: Students to answer in this question sheet) ****END OF QUESTIONS**** FORMULA: Projected RE - Present RE + Projected Net Income - Common Dividend