Data table

$N{A}^a.$ This figure does not vary directly with sales and is assumed to remain

constant for purposes of forecasting next year's financing requirements. at their current proportion of sales.

cost of new investments.

The firm's balance sheet for the year just ended is as follows: $.$

Estimate Zapatera's total financing requirements $($total assets$)$ and its net funding requirements $($discretionary financing needed$)$ for $2014.$ Note: Use the percentage of sales given in Zapatera Enterprises' balance sheet for $2013.$

Hint: Make sure to round all intermediate calculations to at least five decimal places.

The $2014$ retained earnings are $$4,010,000.($Round to the nearest dollar.$)$

Complete the pro forma balance sheet for $2014$ below: $($Round to the nearest dollar.$)$

Zapatera Enterprises, Inc.

Liabilities and Owners' Equity

Accounts payable $,$$

Long$-$term debt

Total liabilities

$

Common stock

Paid$-$in capital

Retained earnings

Common equity

Total