7. Given the following information and that contained in Problems 5 and 6, construct a fore- cast balance sheet as of June 30, 20X2, for the Central City Department Store.(Assume that accounts payable stay the same as at December 31, 20x1.) Central City Department Store balance sheet at December 31, 20X1 ASSETS LIABILITIES AND EQUITY Cash $100,000 Accounts payable $130,000 Accounts receivable 427,500 Bonds 500,000 Inventory 200,000 Common stock and Fixed assets, net 250,000 retained earnings 347,500 $977,500 $977,500 7. Given the following information and that contained in Problems 5 and 6, construct a fore- cast balance sheet as of June 30, 20X2, for the Central City Department Store.(Assume that accounts payable stay the same as at December 31, 20x1.) Central City Department Store balance sheet at December 31, 20X1 ASSETS LIABILITIES AND EQUITY Cash $100,000 Accounts payable $130,000 Accounts receivable 427,500 Bonds 500,000 Inventory 200,000 Common stock and Fixed assets, net 250,000 retained earnings 347,500 $977,500 $977,500