1. The financial statements for Circle Builders Inc. are shown below. Sales for 2018 are expected to grow by 9%. COGS, other expenses, current assets, fixed assets, and accounts payable increase with sales. Interest expense, the 30% tax rate & dividend payout ratio remain constant. (25 pts) + Circle Builders Inc. 2017 Income Statement Pro-forma 2018 Sales $891,600 COGS 693,600 Other Expenses 18,240 EBIT $179,760 Interest Expense 15,000 Taxable Income Taxes (30%) Net Income $164,760 49,428 $115,332 Dividends $28,833 Addition to retained $86,499 earnings a. Based on the above information, complete the Pro-forma income statement above for 2018 above including dividends and retained earnings (10 pts). b. Assuming no new debt or equity is issued, calculate the external financing needed, if any, to support the 9% growth in sales? (Hint: You must first complete the pro-forma balance sheet for 2018 based on the assumptions regarding the income statement and balance sheet accounts stated above. (10 pts).