2. The most recent financial statements of CAD, Inc. are shown here Income Statement Sales Costs Taxable income 12,600 Taxes (40%) 5.040 Net Income $7.560 Balance Sheet $29,600 17.000 Assets: current $39,700 Current liabilities 4,200 Fixed 50,000 Long-term debt 40,000 45.500 Equity Total $89.700 Total $89,700 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. As with every other firm in its industry next year's sales are projected to increase by exactly 15 percent. Required: 1. Prepare a Pro-forma Income Statement and a Pro-forma Balance Sheet for the next year. 2. What is the external financing needed