Net Revenue		$120,000
Cost of Goods Sold		60,500
Depreciation Expense		10,500
EBIT		49,000
Interest Expense		9,500
Income Before Taxes		39,500
Tax Expense		15,800
Net Income		$23,700
2017 Dividend		$10,000
		2017
Assets
Current Assets
Cash & Equivalents		9,500
Accounts Receivable		24,000
Inventory		12,500
Property & Equipment Net		165,000
Total Assets		$211,000
Liabilities
Current Liabilities
Accounts Payable		20,500
Long-term Debt		96,250
Total Liabilities		116,750
Stockholders' Equity
Common Stock		42,500
Retained Earnings		51,750
Total Shareholders' Equity		94,250
Total Liabilities & Equity		211,000

Sales will grow by 10% in 2018 All costs, assets, and current liabilities vary directly with sales. The Tax rate and dividend payout ratio remain constant.

FORECAST THE INCOME STATEMENT AND BALANCE SHEET FOR 2018