2. 3 The most recent financial statements for Hornick, Inc., are shown below (assuming no income taxes). Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $8,968. What is the external financing needed? 4 5 6 $ Assets $ Income statement Sales $ Costs Net income S 7,600 5,180 2.420 w Balance sheet 21,700 Debt Equity 21,700 Total 9,100 12,600 21.700 8 $ Total $ 9 Next year's sales CA 8,968 6. Soovi Complete the following analysis. Do not hard code values in your calculations. Percent increase in sales Assets Pro forma income statement Sales Costs Net income Pro forma balance sheet Debt Equity Total 20 Total 21 22 Sheet1 100% READY Hint Attempt(s) 3/3