Can you Compile a proforma balance sheet for 1992, with cashotes payable as the balancing figure? Table 3 are industry averages

Assumptions fr 1992:

- Sales = $14,500,000

- Suppliers Paid in 30 days

- Long Term Debt Remain the same at present level

-Profit near industry average level or beyond

TABLE 1 Pop's Recycling Company Income Statement Data 1987 1988 1989 1990 1991 Sales Profit after tax $8,200,000 $410,000 $8,700,000 440,000 332,000 330,000 336,000 TABLE 1 Pop's Recycling Company Income Statement Data 1987 1988 1989 1990 1991 Sales Profit after tax $8,200,000 $410,000 $8,700,000 440,000 332,000 330,000 336,000