Question 28 1 points ANSWER QUESTIONS 28 AND 29 USING THE FOLLOWING INFORMATION Shown below is an incomplete pro forma balance sheet for a company for June 2019. Assume that the company has a $50,000 minimum cash policy PRO FORMA BALANCE SHEET June 2019 ASSETS Cash Accounts Receivable 100,000 Inventory 300,000 Total Current Assets Plant and Equipment (Gross) 700,000 Less: Accumulate Depreciation 100.000 Plant and Equipment (Net) 600.000 Total Assets LIABILITIES & EQUITY Notes Payable-Bank Accounts Payable 70,000 Income Taxes Payable 80,000 Other Accruals 50,000 Total Current Labetes 300.000 Mortgage Payable Total Assets LIABILITIES & EQUITY Notes Payable-Bank Accounts Payable Income Taxes Payable Other Accruals Total Current Liabilities Mortgage Payable Common Stock Retained Earnings Total Liabilities and Equity 70,000 80,000 50,000 300,000 400,000 200,000 The Cash balance is: 2.550,000 $100.000 50 d. cannot determine without knowing the Total Current Assets Moving to another question will save this response Question 2 of 40