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Garlington Technologies incis 2018 financial statements are shown below: Batance sheet as of December 31,2018 Suppose that in 2019 sales increase by 10% over 2018

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Garlington Technologies incis 2018 financial statements are shown below: Batance sheet as of December 31,2018 Suppose that in 2019 sales increase by 10% over 2018 sales and that 2019 dividends will increase to $142,000. Forecast the financial statements using the forecasted financial statement method. Assume the firm operated at full capacity in 2018. Use an interest rate of 11%, and assume that any new debt will be added at the end of the year (wo forecast the interest expense based on the debt balance at the beginning of the year). Cash does not earn any interest income. Assume that the all new-debt will be in the farm of a line of credit. Enter your answers as positive values. Do not round intermediate calculations. Round your answers to the nearest dollar. Suppose that in 2019 sales increase by 10% over 2018 sales and that 2019 dividends will increase to $142,000. Farecast the financial statements using the forecasted financiat statement method, Assume the firm operated at full capacty in 2018. Use an interest rate of 11 W, and assume that any new debt wal be added at the end of the year (so forecast the interest expense based on the debt bulance at the beg nning of the year). Cash does not eam any interest income. Assume that the all new-debt will be in the form of a line of credit. Enter your answers as posithe values. Do not round intermediate calculations. flound your answers to the nearest dollat. Garlingten Technologies Inc. Pro Forma Balance Statement

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