Problem 12-09 (Financing Deficit) Financing Deficit Garlington Technologies Inc.'s 2019 financial statements are shown below: Income Statement for December 31, 2019 Sales Operating costs EBIT Interest Pre-tax earnings Taxes (25%) Net income eBook Dividends $4,000,000 3,200,000 $ 800,000 120,000 $ 680,000 170,000 510,000 $ 190,000

Financing Deficit Garlington Technologies Inc.'s 2019 financial statements are shown below: Income Statement for December 31, 2019 Suppose that in 2020 sales increase to $4.8 mitlion and that 2020 dividends will increase to $242,000. Forecast the financial statements using the forecasted finarical statement methodi Assume the firm operated at full capacity in 2019. The long-term bonds have an interest rate of 84%. anvwers as positive valyes: Do hot round intermediato caicutations. Alound your answers to the nearest dolar. Garlington Technologies Inc. Garlington Technologies Inc