Financing Deficit Garlington Technologies Inc.'s 2021 financial statements are shown below: Income Statement for December 31, 2021 Sales Operating costs $4,000,000 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, 2021 Cash Receivables Inventories Total CA Fixed assets Total Assets $ 160,000 Accounts payable $ 360,000 360,000 Line of credit 720,000 Accruals $1,240,000 Total CL 4,000,000 Long-term bonds $5,240,000 Common stock RE Total L&E 0 200,000 $ 560,000 1,000,000 1,100,000 2,580,000 $5,240,000 ed al fut capacity in 2021. The g Suppose that in 2022 sales increase to 54 tem bonds have an interest rate of and that 2022 dedends will increase to $112,000. Forecast the fancial statements eg the forecasted fancial statement method. Aume the New anding will be with See of credit me it s be added at the end of the yeac Cain does not eam any interest income, Enter your answers a positive values t calolations Mund your answers to the nearest de Carlington Technologies Inc. December 31, 2022 Pro Forme Income Statement Sale $ Operating c FOT 3 Interest 3 Pre taxing $ (25%) . income 1 Dividend $ Addtion to RE $ Cah Garlington Technologies Inc. Pre Forms Balance Statement December 31, 2022 $ $ Devent $ Total comments $ Fixed s $ Tutal assets $ Accounts payable Line of credit $ Accrual $ Tatal current liabilities LT bonds 1 Common stock $ Retained eamings Total LA $