4. Cola Cola would also like to prepare a proforma balance sheet. Use the income statement above (to account for retained earnings) and the 2019 balance sheet below to prepare a proforma balance sheet for Cola Cola based on the same 8% increase in sales. Assume that all asset accounts as well as accounts payable will increase proportionately with sales. Notes payable, long-term debt, and common stock equity would not be expected to increase with sales (they would remain the same for the year). Retained earnings would not proportionately increase as a percentage of sales, but it would not remain the same for the year. Cola Cola Balance Sheet December 31, 2019 Assets Liabilities & Owners' equity Cash $27,200 Accounts payable Accounts receivable 838,700 Notes payable Inventory $85,100 Total current liabilities Total current assets S151,000 Long-term debt Total liabilities $72.600 $11,000 $83,600 S159.500 S243,100 Net PPE S418,500 || Common stock Total Fixed assets 5418,500 Retained eamings Total owners' equity $143.500 S182.900 S326,400 Total Assets $569,500 Total Liabilities & Equity|S569,500 a. Calculate the amount you would list for retained earnings on the proforma 2020 balance sheet. b. Prepare a proforma balance sheet for Cola Cola. c. In 1-2 sentences explain what Cola Cola can do to make its balance sheet balance." Be specific