help with a,b,c

(Financial forecasting-discretionary financing needs) The balance sheet of the Boyd Trucking Company (BTC) is shown in the popup window: H - BTC had saies tot twe year onded December 31, 2018 , of $26.00 million. The firm follows a policy of paying all net eamings out to its common stockhoiders in cash dividends. Thus. BTC generates no funds from its earnings that can be used to expand its operations. (Assume that depreciation expense is just equal to the cost of replacing wom-out B50tsil a. If BTC anticipates sales of 538.00 milion during the coming year, develop a pro forma balance sheet for the firm as of December 31 , 2019. Assume that current assets vary as a percent of sales, net fixed assets remair unchanged, and accounts payable vary as a porcent of sales. Use notes payable as a balancing entry. b. How much now financing will BTC neod in 2019 ? c. What limitasions does the percent of sales forecast mothod suffer from? Discuss briefly. 3. Develop a pre forma balance sheet for Brc on December 31, 2019. (Round to two decimal places.) Data table (Click on the following icon D in order to copy its contents into a spreadsheet.)