Financing deficit

Garlington Technologies Ineil 2018 financil statements are shown below: Balance Sheet as of December 31,2015 Suppose that in 2019 sales increase by ste over 2016 sales and that 2019 didends wa increas to $146,000. Forecast the financial statements using the forecauted fiancial stetement medhod. Assume the firm operated at full capacty in 201 . Use an interent rate of 9%, and assume that any new debt will be added at the end of the year (wo forecast the Interest erpense based on the debe balance at the beginalig of the Year). Cash does not earn any interest income. Assume that the all new-debt will be in the form of a line of credt, Enter vour answers os postlve values; Do not round intermediate caiculaeons. pound your answers to the nearest doliar. Garlington Technologies Inc. Pro Forma Income Statement December 31. 2019 Garlington Technologies Inc. Pro Forma Balance Statement