Given the following financial statements for Marble Comics Group, forecast its AFN for Year 2019 if a 20% increase in sales is projected, and assets, all costs, and notes payable are proportional to sales but neither debt (short- and long-term) nor equity. Also, the firm's tax rate remains unchanged and the dividend payout is 40%. It is recommended to compile pro forma financial statements to calculate the AFN.

Marble Comics Group Statement of Financial Position as of December 31 , 2018 ( S in millions ) Assets Liabilities and Equity Cash $135 AP SILO AIR 214 Notes Payable 442 Inventory 188 Long-term Debt 4 40 Net Fixed Assets 890 Common Stock 55 Retained Earnings 380 Total Assets $1 427 Total Liabilities & Equi $1 . 427 Marble Comics Group Statement of Comprehensive Income for Year 2018 ( S in millions ) Net sales 8905 Less : COGS ( 52 2 ) Less : General & Administrative Expenses (93 ) Less : Depreciation ( 1 10 ) EBIT $180 Less : Interest Paid ( 60 ) EBT 120 Less : Taxes (30) Net Income $90