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3. Lap Dogs inc. is planning tor next year and has the following summarized resuits so tar ($000): ncome Statement EBIT Interest EBT Income tax?

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3. Lap Dogs inc. is planning tor next year and has the following summarized resuits so tar ($000): ncome Statement EBIT Interest EBT Income tax? Net income? 236 Balance Sheet This Next Year Year Assets Current liabilities 63 80 Debt Equity Total L&E 582 745 275 ? 244 582 745 The firm pays interest of 12% on all borrowing and is subject to an overall tax rate of 38%. It paid interest of $20,000 this year and plans a $75,000 dividend next year.Complete Lap Dog's forecast of next year's financial statements. Round all calculations to the nearest $1,000

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