1. Lasso Corp. wants to forecast for 2021. The end of year statements for 2020 are as follows: Income Statement Revenues $245,622 COGS - 142.461 Gross Profits 103,161 Expenses - 49.124 EBIT 54,037 - Interest 9,642 EBT 44,395 - Taxes -9323 EAT 35,072 Balance Sheet Current Assets Fixed Assets Total Assets $179,304 Current liabilities $140,930 Long-term debt $320,234 Total liabilities Equity Total Liabilities & Equity $85,700 78.180 $163,880 $156,354 $320,234 Management expects the following for 2021: An 8% increase in revenues; COGS will increase by 2% from its current percent of sales. Expenses will stay at the same percent of sales; Current assets will also stay at their same percent of sales. Fixed assets will increase by $28,000 ; All interest will be paid at a 8% interest rate and will only be on long-term debt, which is not expected to change; the tax rate is expected to stay at the same rate. No dividends are paid and any shortfalls should be made up in current liabilities. Prepare a forecasted income statement and balance sheet for 2021. Work to the nearest dollar