1. You estimate that Barton Corporation will generate sales next year of $20 million, and that cost of goods sold and operating expenses will be 25% and 40% of sales respectively. You further estimate that depreciation will be $3,000,000 next year and the company's average tax rate is 34%. Barton currently has $24 million of outstanding debt with an average interest rate of 9%. The company plans to issue $10 million of additional debt with an interest rate of 7.5%. $7 million of the new debt will be used to fund expansion, while $3 million will be used to pay off some of the company's higher rate debt with an average interest rate of 11%. You estimate shares outstanding next year of 600,000. Use this information to create a pro-forma income statement for Barton and estimate next vear's