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5. Tracy Depot Inc.'s financial statements are presented below. John Doe prepares the proforma
statements for FY2023 using the Percent of Sales method. He completes the pro-forma income
statement but needs assistance with the balance sheet. a. Fill the missing items in the balance
sheet. State the assumptions and formula's for estimating the missing values. Complete only the
FIRST pass. You are not required to balance the balance sheet. b. Compute the Net New
Financing. Is this a deficit or surplus? List the managerial choices to fund (distribute) the deficit
(surplus).

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