The balance sheet of the Emery Company is presented below: Emery Company Balance Sheet March 31, 2010 (Millions of Dollars) Current assets $18 Accounts payable $9 Fixed assets 38 Notes payable 0 Total $56 Long-term debt 15 Common equity 32 Total $56 For the year ending March 31, 2010, Jackson had sales of $58 million. The common stockholders receive all net earnings of the firm in the form of cash dividends, leaving no funds from earnings available to the firm for expansion (assume that depreciation expense is just equal to the cost of replacing worn-out assets). Construct a pro forma balance sheet for March 31, 2011 for an expected level of sales of $75.4 million. Assume current assets and accounts payable vary as a percent of sales, and fixed assets remain at the present level. Use notes payable as discretionary financing.