Problems Sales Mortgage bonds 3.500 Common stock 3,500 Retained earnings 12,860 Total assets $29,160 Total liabilities and equity $29,160 Income Statement for December 31, 2021 (Thousands of dollare) $36.000 Operating costs 34,000 Earnings before interest and taxes 12,000 Interest 160 Pre-tax comings $ 1,840 Taxes (25%) 460 Net Income $ 1,380 Dividends 552 Addition to retained earnings $28 Steven grew rapidly in 2021 and financed the growth with notes payable and long-term bonds. Stevens expects sales to grow by 10% in the finance the growth with a line of credit, not notes payable or long term bonds. Use the forecasted financial statement method to forecta income statement for December 31, 2022. The interest rate on all debts, and can no interest income. Then of credit is added at year, which means that you should have the forecasted interest expense on the balance of det at the beginning of the you, the forecast statement to determine the addition to retained earnings. Assume that the company was operating city in 2001, that cannot ast, and the spontaneous liabilities, and operating costs are expected to increase by the same percentages . What in the projected value for earnings before interest and taxes? Do not round intermediate clations. Round your answer to the nearest $ b. What is the projectes value for pre-tax earnings? Do not round Intermediate cattitatives. Round your answer to the nearest destur. c. What is the projected net income? Do not round intermediate calculelona. Hound your answer to the nearest to 5 6. What is the projected addition to retained earnings? Do rok mund Intermediate calculatiora Rend your enemer tu theart dollar 5 6. What is the projected value of total current seta Do not round Intermediate calculation. Round your owes the rear folla $ MacBook Pro 6 AN O 0- E R T Y C O F G . J K L *** V V B N M 30 S Command opron