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has forecast a sales growth rate of 20 percent for next year. The current financial statements are shown here $ 31,500,000 Costs Taxable income S
has forecast a sales growth rate of 20 percent for next year. The current financial statements are shown here $ 31,500,000 Costs Taxable income S 4,858,500 1,700,475 Net income s 3.158,025 s 1,263,210 1,894,815 Addition to retained earnings Current assets S 7,310,000 Short-term debt Fixed assets 19,780 000 S 5,985,000 4, 130,000 Long-term debt 19,780,000 s 4,080,000 12,895,000 s 16,975,000 $ 27,090,000 Total equity Total assets 27,090,000 Total liabities and equity a. Calculate the external financing needed for next year. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g, 32.) s nro forma balance sheet for next year (Do not round intermediate calculations
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