The following data for Schwartz Company represent a summary of your first-iteration forecast amounts for Year +1. Schwartz uses dividends as a flexible financial account. Compute the amount of dividends you can assume Schwartz will pay in order to balance your projected balance sheet. Present the projected balance sheet.

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Year +1 Operating Incom.. $ 58 Interest Expense Income before Tax Tax Provision (20.0 percent effective tax rate) Net Income S 50 10 Total Assets Accrued Liabilities ....$200 S 43 . Common Stock, at par Retained Earnings (at the beginning of Year ).................. s 20 s 34