Question: Using the information given below, prepare a pro-forma balance sheet for the year ending 2016 for Syahiru Ptd Ltd. SYAHIRU PTD. LTD. BALANCE SHEET AS

Using the information given below, prepare a pro-forma balance sheet for the year ending 2016 for Syahiru Ptd Ltd. SYAHIRU PTD. LTD. BALANCE SHEET AS AT 30 JUNE 2015 (RM) Cash 2,780 Notes Payable 5,780 Account Receivable 3,600 Trade Creditors 1,000 Inventories 5,700 Account Payable 3,850 Marketable Securites 2.800 Accruals 3,220 Fixed assets 12,000 Long term debt 3,200 Common shares 4,330 Retained earnings 5,500 TOTAL ASSETS 26,880 TOTAL LIAB. & EQUITY 26,880 Sales for 2015 were RM10,000 and it is expected to increase 50% in year 2016. Net income for 2015 was RM6,000. Dividend for shareholders in2015 amounted to RM2,820 Syahiru Ptd Ltd is operating at full capacity. All external financing are absorbed and met by long-term debt

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