Exhale, Inc. 2012 Income Statement
Net sales	$	7,700
Cost of goods sold		6,815
Depreciation		200
Earnings before interest and taxes	$	685
Interest paid		26
Taxable Income	$	659
Taxes		225
Net income	$	434
Dividends	$	185

Exhale, Inc. 2012 Balance Sheet
	2012				2012
Cash	$	2,300		Accounts payable	$	1,450
Accounts rec.		870		Long-term debt		290
Inventory		2,600		Common stock	$	3,000
Total	$	5,770		Retained earnings		4,330
Net fixed assets		3,300
Total assets	$	9,070		Total liabilities & equity	$	9,070

Exhale, Inc., is currently operating at maximum capacity. All costs, assets, and current liabilities vary directly with sales. The tax rate and the dividend payout ratio will remain constant. In 2013, no new equity will be raised and sales are projected to increase by 10 percent. Construct the pro formas for 2013 and answer the following questions.

Projected total assets = $

Projected retained earnings = $

Additional new debt required = $