Executive Fruit's financial manager believes that sales in 2015 could rise by as much as 20% or by as little as 10%. Assets and costs change in proportion to sales, debt remains constant, and no new equity financing occurs a. Recalculate the first-stage pro forma financial statements under these two growth assumptions and calculate the required external financing (Al figures are in thousands). (Enter your answers in thousands.) Base Case 20% Growth 10% Growth INCOME STATEMENT Revenue $11,500 $ Cost of goods sold 10,350 $1,150 $ 230 EBIT Interest Earnings before taxes $ 920 State and federal tax 368 Net income $ 552 Dividends 368 Retained earnings $ 184 S BALANCE SHEET Assets $1,150 $ Net working capital Fixed assets 4,600 Total assets $5,750 Liabilities and shareholders' equity Long-term debt Shareholders' equity $ 2,300 3,450 Total liabilities and shareholders' equity S 5,750 $ Required external financing