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Income Statement for December 31,2021 Balance Sheet as of December 31,2021 Suppose that in 2022 sales increase to $4.4 million and that 2022 dividends will
Income Statement for December 31,2021 Balance Sheet as of December 31,2021 Suppose that in 2022 sales increase to $4.4 million and that 2022 dividends will increase to $236,000. Forecast the financlal statements using the forecasted financial statement method. Assume the firm operated at full capacity in 2021 . The long-term bonds have an interest rate of 12%. New financing will be with a line of credit. Assurme it will be added at the end of the year. Cash does not earn arny interest incorne. Enter your answers as positive values. Do not round intermediate calculations. Round your answers to the nearest dollar
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