b. Prepare a pro forma balance sheet for next year, using the information given and the...

  
 
 

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b. Prepare a pro forma balance sheet for next year, using the information given and the judgmental approach. Include a reconciliation of the retained earnings account. NOTE: Taxes payable for last year are about 19.8082% of last year's taxes on the income statement. The pro forma value is obtained by taking 19.8082% of next year's taxes. Complete the assets part of the pro forma balance sheet for next year: (Round to the nearest dollar.) Cash Pro Forma Balance Sheet Provincial Imports, Inc. for Next Year (Judgmental Method) Marketable securities Accounts receivable Inventories Total current assets Net fixed assets Total assets $ $ $ b. Prepare a pro forma balance sheet for next year, using the information given and the judgmental approach. Include a reconciliation of the retained earnings account. NOTE: Taxes payable for last year are about 19.8082% of last year's taxes on the income statement. The pro forma value is obtained by taking 19.8082% of next year's taxes. Complete the assets part of the pro forma balance sheet for next year: (Round to the nearest dollar.) Cash Pro Forma Balance Sheet Provincial Imports, Inc. for Next Year (Judgmental Method) Marketable securities Accounts receivable Inventories Total current assets Net fixed assets Total assets $ $ $