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Accounting

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Oscar's Incredible Eatery ($ thousands)
Income Statement for the year ending December 31,2021
Net sales 17,300
Cost of goods sold 10,600
Depreciation 3,250
Earnings before interest and taxes 3,450
Interest expense 680
Earnings before tax 2,770
Tax 940
Earnings after tax 1,830
Dividends 450
Oscar's Incredible Eatery ($ thousands)
Balance Sheet asof December 31,2021
Cash 350 Accounts payable 1,920
Accounts receivable 940 Long-term debt 3,500
Inventory 2,360 Common stock 7,500
Total current assets 3,650 Retained earnings 1,580
Net fixed assets 10,850
Total assets 14,500 Total liability & equity 14,500
Please refer to Oscars financial statements above. All of Oscars costs and current asset accounts vary directly with sales. Sales are projected to increase by10% next year. What is the pro forma accounts receivable balance for next year?
Multiple Choice
$949
$1,034
$1,113
$1,730
$2,670
None of the options are correct.

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