can someone show me step by step how they reached the answers for the question. So that I can properly study the correct method. Thanks in advance!

Problem 9-9 Additional Funds Needed Garlington Technologies Inc.'s 2012 financial statements are shown below: Balance sheet as of December 31, 2012 Cash 80,000 Accounts payable 360,000 eceivables 360,000 Notes payable 156,000 720,000 Accruals nventories 180,000 Total current assets $1,260,000 Total current liabilities 696,000 Fixed assets 1.440,000 Common stock 1,800,000 204,000 Retained earnings $2,700,000 Total liabilities and equity Total assets 2,700,000 Income Statement for December 31, 2012 $3,600,000 Sales operating costs 3,279,720 320,280 EBIT nterest 8,280 302,000 Taxes (40%) 20,800 Net income 81,200 Dividends 108,000 Suppose that in 2013 sales increase by 5% over 2012 sales and that 2013 dividends will increase to $136,000. Forecast the financial statements using the forecasted financial statement method. Assume the firm operated at full capacity in 2012. Use an interest rate of 9%, and assume that any new debt will be added at the end of the year (so forecast the interest expense based on the debt balance at the beginning of the year). Cash does not earn any interest income. Assume that the AFN vill be in the form of notes payable Round your answers to the nearest dollar. Do not round intermediate calculations