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This question requires you to build a pro forma balance sheet and income statement for a company's first year in business based on the following

image text in transcribed This question requires you to build a pro forma balance sheet and income statement for a company's first year in business based on the following assumptions. Use your proforma to answer questions a-c. a) What are total assets? b) If long-term debt is $40,000 what are dividends? c) If dividends are zero what is long-term debt? Round your final answers to the nearest dollar (e.g. $120,000 )

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