Following are two years of income statements and balance sheets for the New York Exports Corporation New York Experts Corporation 2010 2000 Cash $50,000 $50,000 Accounts receivable 200,000 300.000 Inventories _450.000 _$70.000 Total current assets 700,000 920,000 Fixed assets, net 900.000 380.000 Total assets 51.000.000 51.300.000 Accounts payable 130,000 $ 180,000 Accruals 50,000 70,000 Bank loan 90.000 90.000 Total current liabilities 270.000 340,000 Long-term debt 400,000 550,000 Common stock (5.05 pari 50.000 50.000 Additional paid.in capital 200,000 200,000 Retained earnings 80.000 160.000 Total Mabilities and equity 51.000.000 51.300.000 2010 20 Nales $1,300.000 $1.600.000 Cost of poods sold 280.000 Gross pront 520,000 640,000 Marketing 130,000 160,000 General and administrative 150,000 150,000 Depreciation 40.000 55.000 EBIT 200,000 275.000 Interest 45.000 55.000 Earnings before taxes 155,000 220,000 Income taxes (40% rate) 62.000 BB.000 Net income $ 93,000 5132,000 Cash dividends $37,000 $52,000 1. 1-Compute the sales growth rate between 2019 and 2020 (1 Mark 2. 2. Compute the sustainable growth rate of 2020 (2 Marks) The company estimates that the sales growth rate between 2020 and 2021 will be 2546. 3. 3. Prepare the forecasted Income Statement of 2021 (3 Marks) 44- Prepare the forecasted Balance sheet of 2021 (4 Marks) Note: Keep 2 decimals in your answers