Please use the following projections for Top-A1 Inc.: •Total sales of $151,000 Cost of goods sold equal to 76.6 percent of sales Total expenses equal to 14.8 percent of sales •Tax rate of 35 percent • Beginning equity of $54,200 • Beginning inventory of $11,100 • Age of ending inventory of 62 days • Minimum cash balance of $10,800 • Accounts receivable of 30 days • Fixed assets of $61,200 . . • Accounts payable of 34 days . Assume Top-A1 has a dividend payout of 38 percent and that the projected net earnings are $8,441. Create a pro-forma balance sheet. Calculate the long-term debt as the balancing amount
