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I honestly have no idea. Please help! The first picture is the balance and income sheets from the first year, the second one is the

I honestly have no idea. Please help! The first picture is the balance and income sheets from the first year, the second one is the question, and the third is the information needed, thank you!! image text in transcribed
image text in transcribed
image text in transcribed
Balance Sheet as of December 31,2018 Dwidends $108,000 Suppose that in 2019 sales increase by 20%. ever 2018 sales and that 2019 dividends will increase to $156,000. forecast the firancial staterents using the forecasted tirancial statement method. Assume the firm operated at full capacity in 2018 . Use an interest rate of 14\%, and assume that amy 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 eam any interest income. Assume that the all newidebt 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: Garlington Technologies Inc. Pro Forma Income Statement Garlington Technologies Inc. Pro Forma Balance Statement December 31, 2019

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