Ganesh Corporation Financial Income Statement Sales Less: Cost of Goods Sold Gross Profit Less: Selling and Administrative Expense Earnings Before Interest and Taxes Less: Interest Expense* In thousands 2012 $5,500 4.200 1,300 410 890 90 800 400 400 300 100 arnings Before Taxes Less: Taxes(50%) Net Income Dividend paid Retained Earnings 01. Assuming sales growth rate of 30% per year. project Income Statements and Balance Sheets for 2013.2014 & 2015. Also shor the EFN for each year Balance Sheet ASSETS 2011 2012 45 175 240 230 70 850 1,610 $50 160 275 950 Marketable Securities Accounts Receivable nventories nvestments Net Plant and Equipment Total Assets 1,710 LIAB&EQUITY $85 10 Accounts Payable Notes Payable(NP) Accrued Expenses Bonds(LTD)* Common Equity** Tot. Liab & Equity EFN Tot. Liab & Equity with EFN nterest rate 9.89% on(NP-LTD-EFN) 110 65 35 800 600 1,610 900 700 1,710 1,710 Notes payable & Bonds don't vary with retained "Equity increases by earnings