Sambonoza Enterprises projects its sales next year to be $3.5million and expects to earn 5.3% of that amount after taxes. The firm is currently in the process of projecting its financing needs and has made the following assumptions (projections):
1. Current assets are equal to 19.4% of sales, and fixed assets remain at their current level of 1.1 million.
2. Common equity is currently $0.73 Million, and the firm pays out half of its after-tax earnings in dividends.
3. The firm has short-term payables and trade credit that normally equals 10.5% percent of sales, and it has no long term debt outstanding

What are Sambonoza's financing needs for the coming year?

Estimate Sambonoza's financial needs by completing the pro forma balance sheet below (round to the nearest dollar)

Sambonoza Enterprises
Proforma Balance Sheet Next Year
Current Assets _____________?____________
Next Fixed Assets: ___________?____________
Total Assets: ___________?____________
Payables/Trade Credit _______ ?____________
Long-Term Debt: _______?_____________
Total Liabilities: ________?____________
Common Equity ________?____________
Total Liabilities and common equity _____?__________
Sambonoza's total financing requirements for the coming year are ____?______
The descretionary financing needed is: ______?______________