T$14-6$ Projected Financial Statement Method $($Page $2)$

II$.$ Balance Sheet:

Cumulative AFN

Notes:

AFN financed with $50\%$ Notes Payable and $50\%$ Long$-$Term Debt.

Second Pass Balance Sheet doesn't balance due to "Financing

Feedbacks."

$g=25\%$;$,i=8\%on$ $ borrowed