Edman Company is a merchandiser that has provided the following balance sheet and income statement for this year. Click here to download the Excel template, which you will use to answer the questions that follow. Click here for a a brief tutorial on Charts in Excel. 5. To evaluate alternative 2 , refer to the "Requirement 5 Financials" tab within your template. Assume the company purchases new equipment in an effort to grow sales with the following estimated impacts: - Next year's sales and variable expenses increase by 5%. - Next year's fixed expenses are the same as this year. - Next year's ending balances in accounts receivable, inventory, and accounts payable each increase by 5% compared to their respective beginning balances. - Next year's ending balance in property, plant, and equipment (net) increases by $110,000 compared to its beginning balance. This reflects the purchase of a $150,000 piece of equipment minus next year's depreciation expense of $40,000. - Next year's ending balance in bonds payable decreases by $50,000 compared to its beginning balance. This reflects a bond issuance of $150,000 to purchase the equipment and a bond retirement of $200,000. - Next year's ending balances in other assets and common stock are the same as their beginning balances. a. Based on the above estimated impacts, use Excel formulas to calculate the revised sales and variable expenses as needed in column B. (Hint: Your formulas should refer to information contained in the Requirement 1 Financials tab.) What are the revised amounts of sales and the variable expenses? b. Based on the above estimated impacts, use Excel formulas to calculate ending balances as needed in column C. What is the ending balance in the following accounts? c. Create formulas within column D that calculate next year's average balances for all balance sheet accounts (except Cash which will automatically be computed for you). What is the average balance in the following accounts? d. What is the company's estimated average total liabilities and stockholders' equity for next year