JKL Corporation is preparing its financial forecasts for the next three years. Based on market trends and internal projections, the company anticipates the following changes:

• Sales Revenue Growth: 15% annually
• Cost of Goods Sold as a Percentage of Sales: 60%
• Operating Expenses Growth: 10% annually
• Tax Rate: 25% of Net Income

• Develop forecasted income statements, balance sheets, and cash flow statements for each of the next three years. Discuss the implications of the forecasts on the company's financial position and performance.