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1 . Prepare a preliminary forecast for 2 0 2 2 without special dividends or line or credit 2 . Prepare final forecast for 2

1. Prepare a preliminary forecast for 2022 without special dividends or line or credit
2. Prepare final forecast for 2022 with special dividends or line or credit
show answers are done in excel with formulas, please. \table[[Interest expense on long-term debt,$11,880],[Interest expense on_line of credit,$0],[ERT,$78,120],[Taxes (25%),$19,530],[Net Income,$58,590],[,],[Common dividends (regular dividends),$12,554],[Special dividends,$0],[Addition to retained earnings,$46,036],[,],[,],[,],[,],[Balance Sheets,2023],[(December 31, in thousands of dollars),],[,],[,],[Assets:,],[Cash,$20,000],[Accounts Receivable,$80,000],[Inventories,$75,000],[Total current assets,$175,000],[Fixed assets,$220,000],[Total assets,$395,000],[,],[Liabilities and equity,],[Accounts payable,$20,000],[Accruals,$30,000],[Line of credit,$0],[Total current liabilities,$50,000],[Long-term debt,$120,000],[Total liabilities,$170,000],[Common stock,$160,000],[Retained Earnings,$56,036],[Total common equity,$216,036],[Total liabilities and equity,$386,036],[,]]
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