Case Two: Planning for Growth at S&S Air (Continuation of Case One) After Chris completed the ratio analysis for S&S Air, Mark and Todd approached him about planning for next year's sales. The company had historically used little planning for investment needs. As a result, the company experienced some challenging times because of cash flow problems. The lack of planning resulted in missed sales, as well as periods when Mark and Todd were unable to draw salaries. To this end, they would like Chris to prepare a financial plan for the next year so the company can begin to address any outside investment requirements. The income statement and balance sheet are shown here: S&S Air, Inc. Sales Cost of goods sold Other expenses Depreciation 2021 Income Statement GHS 30,499,420 22,224,580 3,867,500 1,366,680 EBIT Interest Taxable Income 3,040,660 478,240 2,562,420 Taxes (40%) Net income 1,024,968 1,537,452 GHS Dividends 560,000 Add to retained earnings 977,452 Page 5 of 6