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Please read full instructions included before the Pro Forma Statements Garlington Technologies Inc.'s 2021 financial statements are shown below: Income Statement for December 31, 2021
Please read full instructions included before the Pro Forma Statements
Garlington Technologies Inc.'s 2021 financial statements are shown below: 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 will increase to 5200,000 . Forecast the financial 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 1246 . New financing wiy be with a fine of credit. Assume it will be added at the end of the year. Cash does not earn any interest income. Enter your answers as positive values, Do not round intermediate calculations. Round your answers to the nearest dollar. Garlington Technologies Inc. Garlington Technologies Inc. Pro Forma Income Statement December 31, 2022 Garlington Technologies Inc. Pro Forma Balance Statement December 31, 2022 Step by Step Solution
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