find AFN and b please

Balances Sheet as of December 31,2018 (Thousands of Dollars) Income Statement for lanuary 1 - December 31,2018 (Thousands of Dollars) a. Suppose 2019 sales are projected to increase by 20% pver 2018 sales. Use the forecasted financal statement method to forecast a halanca sheet and income staesmint for December 31, 2019. The interest rate on all debt \& 10%, and cash earns no interest incamei. Assume that all additional debe in the form of a line of eredst is added at the end of the year, which means that you should base the forecasted interest expense en the balance of debt at the beginning of the year, Uhe the forcomtind income statenent to determine the addition to retained earnings: Assurne that the company was operating at full capacity in 2018 , that it cannot sell olf ary of its fined assets, a. Suppose 2019 sales are projected to increase by 20% over 2018 sales. Use the forecasted financial statement method to forecast a balance sheet and income statement for December 31, 2019. The interest rate on all detit is 10%, and cash earns no interest income. Assume that all additional debt in the forms of a line of credit is added at the end of the year, which means that you should base the forecasted interest expense on the hatance of debt at the beginning of the year, Use the farecasted incerne thatement to determine the addition to retained eamings. Assume that the company was operating at full capacty in 2018 , that it cannot sel off any of ins fived assecs; and that any required financing will ben boerowed as notes payab. Aso, aswume that assets, spontaneous liabilities, and operating costs are experted to increase by the same percentange as sales. Determine the additional funds needed, Do not round interinediate caloulations. flound your answers fo the nearest dollar. Total assits: 4 (\$) b. What is the resulting total forecasted amount of the line of credit Do noc round intermediate calculations. found your answer to the nearest dollar. 5