Using the ratios as a basis for planning for next year, forecast the Lilac Company's Balance Sheet using the projected information below. Round to the nearest dollar. Fill in all blanks $($a $-$ l$)$ and show all work. Use $365$ days.

Sales $$25,000,000$

Cash $$1,250,000$

Accruals $$90,000$

Gross margin $45\%$

DSO $40$ days

Inventory turnover $5\mathrm{.}0$X

$($Based on COGS$)$

Total Asset turnover $1\mathrm{.}45$X

Current ratio $2\mathrm{.}5$

Debt : Equity $1$ : $3$

BALANCE SHEET

Next Year

ASSETS LIABILITIES & EQUITY

a$.$ Cash g$.$ Accounts payable

b$.$ Accounts receivable h$.$ Accruals

c$.$ Inventory i$.$ Current Liabilities

d$.$ Current Assets j$.$ Long$-$Term Debt

e$.$ Net fixed assets k$.$ Equity

f$.$ Total Assets l$.$ Total Liabilities & Equity