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The Optical Scam Company has forecast a sales growth of 20 percent for next year. The current financial statements are shown here: Income Statement Sales

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The Optical Scam Company has forecast a sales growth of 20 percent for next year. The current financial statements are shown here: Income Statement Sales 30,600,000 Costs 26,267,200 Taxable income Taxes $4,332,800 1,516,480 Net income $ 2,816,320 $ 1,126,528 Dividends Addition to retained earnings 1,689,792 Balance Sheet Assets Liabilities and Owners' Equity Current $ 7,220,000 Accounts payable $ 6,732,000 assets Long-term debt 5,610,000 Fixed assets 17,872,000 Common stock Accumulated retained earnings $ 2,420,000 10,330,000 Total equity $ 12,750,000 Total assets $ 25,092,000 Total liabilities and equity $ 25,092,000 b- Construct the firm's pro forma balance sheet for next year. (Do not round 1. intermediate calculations and round your answers to the nearest whole dollar amount, e.g., 32.) Assets Current assets Fixed assets Balance Sheet Liabilities and equity 8,664,000 Accounts payable 21,446,400 Long-term debt Common stock Accumulated retained earnings Total equity 30,110,400 Total liabilities and equity Total assets $

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