Financing Deficit Garlington Technologies Inc.'s 2019 financial statements are shown below: Income Statement for December 31, 2019 Sales $4.000.000 Operating costs 3.200.000 EBIT $ 800,000 Interest 120,000 Pre-tax earnings $ 680,000 Taxes (25%) 170,000 Net income 510.000 Dividends $ 190,000 Balance Sheet as of December 31, 2019 Cash $ 160.000 Accounts Davable $ 360.000 Receivables 360.000 Line of credit 0 Inventories 720.000 Accruals 200.000 Total CA $1,240,000 Total CL $ 560,000 Fixed assets 4.000.000 Lona-term bonds 1.000.000 Total Assets $5,240,000 Common stock 1,100,000 RE 2.580.000 Total L&E $5.240.000 Suppose that in 2020 sales increase to $4.8 million and that 2020 dividends will increase to $226,000. Forecast the financial statements using the forecasted financial statement method. Assume the firm operated at full capacity in 2019. The long-term bonds have an interest rate of 11%. New financing will be with a line of credit. Assume it will be added at the end of the year. Cash does not earn any interest income. Enter your answers as positive values. Do not round intermediate calculations. Round your answers to the nearest dollar