1. Based on Ms. Grace Kelly's prediction for 2018 sales of $21 75,000, and for 2019 sales of $27 343,750, and relying on the other assumptions provided in the Paragon Distributions case, prepare complete pro forma forecasts of the company's 2018 and 2019 income statement and year-end balance sheets. As a preliminary assumption, assume any new nancing required will be in the form of bank debt. Assume all debt (i.e., existing debt and any new bank debt bears interest at the same rate of 10%)