The following data represent the ratios for the BMA industry for 2020:

Sales to stockholders’ equity 4 times

Current liabilities to stockholders’ equity 50%
Total liabilities to stockholders’ equity 80%
Current ratio 2.2
Net sales to inventory 8 times
Beginning inventory P45,000
Ending Inventory P55,000
Average collection period 40 days
Fixed assets to stockholders’ equity 70%
All sales are credit sales.
Sales is equal to cost of goods sold

Required: From the above data, complete the following pro-forma balance sheet below.

BMA
Pro-forma Balance Sheet 2020

Cash P___________ Current liabilities P____________

Accounts Receivable ___________ Long-term liabilities ____________
Inventory ___________ Total liabilities P____________
Total current assets P___________ Stockholders’ equity ____________
Fixed Assets ___________ Total liabilities &
Total Assets P Stockholders’ equity P