their current proportion of sales.

of new investments.

The firm's balance sheet for the year just ended is as follows:

Estimate Zapatera's total financing requirements $($total assets$)$ and its net funding requirements $($discretionary financing needed$)$ for $2014.$ Note: Use the percentage of sales given in Zapatera Enterprises' balance sheet for $2013.$

Hint: Make sure to round all intermediate calculations to at least five decimal places.

The $2014$ retained earnings are $$4370000.($Round to the nearest dollar.$)$

Complete the pro forma balance sheet for $2014$ below: $($Round to the nearest dollar.$)$

Zapatera Enterprises, Inc.

Pro forma Balance Sheet

Current assets

Net fixed assets

Liabilities and Owners' Equity

Accounts payable

Long$-$term debt

$

Total liabilities

$

Common stock

Paid$-$in capital

Retained earnings

Common equity

$$.$

Total

$