Pro forma balance sheet will show assets

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Reference no: EM131573174

You have a current balance sheet with liabilities of $50,000 and assets of $75,000. You estimate that you will have to purchase a new vehicle next year for $20,000. You believe you will be able to pay 20% down and can finance the remainder through your bank. If nothing else changes, your pro forma balance sheet will show assets of _____ and liabilities of _____.

Reference no: EM131573174

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