Based on the given income statement for 2021:

1. Based on recent fiscal year financials use a percentage of sales model to estimate your firm's sales, net income, debt and equity in the next fiscal year.

2. Calculate an internal growth rate for your firm.

3. Calculate a sustainable growth rate for your firm.

4. Based on your analysis recommend a short- and long-term financing plan for your firm in the next fiscal year.

Notes: (a): Long-term debt, the balancing item, in (b): Shareholders' equity equals its value in the previous year plus retained earnings Notes: (a): Long-term debt, the balancing item, in (b): Shareholders' equity equals its value in the previous year plus retained earnings