b. The following is the balance sheet of XVZ Ltd. as at 31st December 2002. Sh 000 Net fixed asset Current asset Financed by: Ordinary share capital Retained earnings 10% Trade creditors 100 70 150 Additional information 1. 2. The sales for year 2002 amounted to sh 500000, The sales will increase by 15% during year 2003 and 10% during year 2004. The after Tax return of sales is 12% which shall be maintained in future. The company dividend payout period. Any additional financing from external sources will be affected through the issue of commercial paper by company 3. ratio is 80%. This will be maintained during forecasting 4. Required a. Determine the amount of external finance of two years upto 31st Dec 2004(10 marks) b. Prepare a proforma balance sheet as at 31 Dec 2004. (10 marks)