Use the following financial sheets and information for all parts.

The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Tax rate 35% Stock price $22.00 Shares outstanding 3,800,000 Dividends are 50% of net income The firm is expecting a growth rate of 10% next year. The firm is currently operating at 95% of capacity. The fixed assets can only by $10,000,000 increments. Income Statement Period Ending 31-Dec-20 Total Revenue 168,259,000 COGS 126,094,000 Selling General and Administrative17,383,000 Depreciation 92,000 Earnings Before Interest and Taxes24,690,000 Interest Expense 975,000 Income Before Tax 23,715,000 Income Tax Expense (359%) 8,300,250 Net Income 15,414,750 Balance Sheet Date 31-Dec-20 Assets Current Assets Cash 16,357,000 Net Receivables 102,539,000 Inventory 22,658,000 Total Current Assets 141,554,000 Property Plant and Equipment 82,441,000 Total Assets 223,995,000 Liabilities Current Liabilities Accounts Payable28,646,500 Accruals 16,525,500 Notes Payable 5,531,000 Total Current Liabilities 50,703,000 Long Term Debt 152,920,000 Total Liabilities 203,623,000 Stockholders' Equity Common Stock 32,000 Retained Earnings 20,340,000 Total Stockholder Equity 20,372,000 Total Assets 223,995,000 Calculate the forecasted or proforma total assets using the balance sheet and the information above