Garlington Technologies Inc.'s 2018 financial statements are shown below Balance Sheet as of December 31, 2018 Cash Receivables Inventories Total current assets $1,260,000 Accruals Fixed assets $ 180,000 Accounts payable 360,000 Notes payable 720,000 Line of credit $ 360,000 156,000 180,000 $696,000 1,800,000 204,000 $2,700,000 1,440,000 Total current liabilities Common stock Retained earnings Total liabilities and equity $2,700,000 Total assets Income Statement for December 31, 2018 Sales Operating costs EBIT Interest Pre-tax earnings Taxes (40%) Net income Dividends Suppose that in 2019 sales increase by 5% over 2018 sales and that 2019 dividends will increase to $190,000. Forecast the financial statements using the forecasted financial statement method. Assume the firm operated at full capacity in 2018, Use an interest rate of 8%, 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). Cash does not earn any interest income. Assume that the all new-debt will be in the form of a line of credit. Enter your answers as positive values. Do not round intermediate calculations Round your answers to the nearest dollar $3,600,000 3,279,720 $320,280 18,280 $302,000 120,800 181,200 $ 108,000