B. Pro-formalforecast financial statements: . Use the average historical ratios to prepare forecast or pro-forma financial statements for 1996 if sales grow to $5.5million and if Clarkson takes advantage of the supplier discount. Prepare a pro-forma Income statement, Batance Sheet and Cash Flow statement. - Determine the External Funds Needed (EFN) and assume that this will be financed with the bank loan (i.e. bank notes is the 'plug' and represents the EFN ). Assume that the new loan replaces the old loan