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The Cambridge Cartage Company has partially completed its forecast of next year's financial statements. The firm pays interest at 10% on all borrowings and pays a combined state and federal tax rate of 40%. Complete the forecast income statement and balance sheet. Begin by guessing at interest expense as 10% of beginning debt. Enter your answers in thousands. For example, an answer of $1.2 million should be entered as 1, 200, not 1, 200,000. Round your answers to the nearest whole thousand. Enter all amounts as a positive