Sprinkles Cupcakes is a new firm specializing in gluten-free cupcakes.In attempting to determine what the financial position of the firm should be, the financial manager obtained the following average data for the baking industry for 2017.All data are expressed as a percentage of sales.
Fill in the dollar amounts on Sprinkle's pro forma balance sheet assuming 2015 sales are $450,000.
Sprinkle's Cupcakes
Pro Forma Balance Sheet
December 31, 2017
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