Garlington Technologies Inc's 2018 financial statements are shown below: Balance Sheet as of December 31,2016 Suppose that in 2019 sales increase by 15% over 2018 saies and that 2019 dividends win increase to $160,000. Forecast the financiat statements using the forecasted financal statement method. Assume the firm operated at ful capacity in 2018. Use an interest rate of 12 hw, and aswume that any. new debt will be added at the end of the year (so farecast the interest expense based on the debt balance at the beginning of the year). Cash does not eam any interest income. Assume that the al new debt will be in the form of a line of ordt. Enter your answers as positive values, Do not round intermediate calculations. Round your amwens to the nearest dellar. satement method, Assume the firm operated at full capacity in 2018. Use ac interest rate of 12%, and assume that any new debt will be added at the end of the year (so forecast the interest expense based on the debt balance at the beginning of the year). Cosh does not earn any interest income. As5ume that the al new. debt will be in the form of a line of credt. Enter your answers as positive values. Do not reund intermediote caloviations. Asund your answers to the nearest dollar. Garlington Technologles Inc. Pro forma Balance statement Garlington Technologies Inc's 2018 financial statements are shown below: Balance Sheet as of December 31,2016 Suppose that in 2019 sales increase by 15% over 2018 saies and that 2019 dividends win increase to $160,000. Forecast the financiat statements using the forecasted financal statement method. Assume the firm operated at ful capacity in 2018. Use an interest rate of 12 hw, and aswume that any. new debt will be added at the end of the year (so farecast the interest expense based on the debt balance at the beginning of the year). Cash does not eam any interest income. Assume that the al new debt will be in the form of a line of ordt. Enter your answers as positive values, Do not round intermediate calculations. Round your amwens to the nearest dellar. satement method, Assume the firm operated at full capacity in 2018. Use ac interest rate of 12%, and assume that any new debt will be added at the end of the year (so forecast the interest expense based on the debt balance at the beginning of the year). Cosh does not earn any interest income. As5ume that the al new. debt will be in the form of a line of credt. Enter your answers as positive values. Do not reund intermediote caloviations. Asund your answers to the nearest dollar. Garlington Technologles Inc. Pro forma Balance statement
