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Income Statement for December 31, 2021 Balance Sheet as of December 31,2021 Suppose that in 2022 sales increase to $4,8 million and that 2022 dividends

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Income Statement for December 31, 2021 Balance Sheet as of December 31,2021 Suppose that in 2022 sales increase to $4,8 million and that 2022 dividends wilt increase to $232,000. Forecast the financial statements using the forecasted financial statement methad. Assume the firm operated at full capseity in 2021 . The lang-term bonds have an interest rate of 22%. New financing will be with a line of credit. Assume it wiil be sdded at the and of the year, Cash does not earn any interest inceme. Enter your answers as positive values. Do not round intermediate calculations. Round your answers to the neareat dollar. Garlington Technologies Inc. Pro forma Income statement Garlington Technologies Inc. Pro Forma Income Statement December 31.2022 Garlington Technologies Inc. Pro Forma Balance Statement

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