Below is the financial statement for 2018 and 2019. Proforma year is 2020, Lululemon Co. expects that sales in 2020 will increase by 13%. The company is planning to expland its operations to new citites in 2020. For the planned expansion, Lululemon Co. recieved $1,300 additional long term loan from JP Morgan CHase and will use this loan to finance the purchase of a new office building.Salaries are expected be $113 but the market conditions willl lead COGs will be 5 percent lower than the 2019 level. WHen projecting the 2020 balance sheet lululemon co. believed that the accounts reciebable days will be 9 days higher than ACP days of 2019. Inventory days and accounts payable amount will remain unchanged from 2019 since the business has recently been rewarded with extended payment terms from its supplier going forward. Current maturities of long term debt (CMLTD) min. cash ration and divided payments will remain same as 2019. Tax rate 14%. Interest rate for long term loan in 2020 s projected to be 2%. Interest expense on short term debt is delayed until 2021.(means apply ratio interest rate only on long term debt). Rental expense would be $4 per month. Depericiton expense would be the same percentage of gross fixed assests as was in 2019. With these expectations proforma net income will be $844