The Verbrugge Publishing Company's 2018 balance sheet and income statement are as follows (in millions of dollars). Balance Sheet Current assets Net fixed assets Goodwill Total assets $168 Current liabilities 153 Advance payments $42 78 15 Reserves 6 $6 preferred stock, $112.50 par value (1,200,000 shares) 135 $10.50 preferred stock, no par, callable at $150 (60,000 shares) 9 Common stock, $1.50 par value (6,000,000 shares) Retained earnings $336 Total claims 57 $336 Income Statement Net sales $540.0 Operating expense 516.0 Net operating income $ 24.0 Other income 3.0 EBT Taxes (50%) Net income Dividends on $6 preferred Dividends on $10.50 preferred Income available to common stockholders $ 27.0 13.5 $ 13.5 7.2 0.6 $ 5.7 Verbrugge and its creditors have agreed upon a voluntary reorganization plan. In this plan, each share of the $6 preferred will be exchanged for one share of $2.90 preferred with a par value of $38.50 plus one 9% subordinated income debenture with a par value of $74. The $10.50 preferred issue will be retired with cash. a. Construct the projected balance sheet while assuming that reorganization takes place. Show the new preferred stock at its par value. Enter your answers in millions. For example, an answer of $1.23 million should be entered as 1.23, not 1,230,000. Round your answers to two decimal places. The projected balance sheet (in millions of dollars) follows: Current assets $ Current liabilities $ Net fixed assets $ Advance payments $ Goodwill $ Reserves $ Subordinated debentures $ $2.9 preferred stock, $38.50 par value $ (1,200,000 shares) Common stock, $1.50 par value (6,000,000 $ shares) Retained earnings Total assets $ Total claims $ $