PT Frozen Yoghurt Income Statement For the year ended in 31 December 2020 Sales Costs Other Expenses EBIT Interest paid Taxable Income Tax (35%) Net Income Dividend Retained Earnings 905,000 710,000 12000 183,000 19,700 163,300 57,155 106,145 63,687 42,458 Balance Sheet Per 31 Desember 2020 Current Assets Current Liabilities A/P 65,000 Cash 25,000 N/P 9,000 A/R 43,000 Total 74,000 Inventory 66,000 Total 134,000 Long-term debt 156,000 Fixed Assets Net plant and equipment 264,000 Owner's equity Common stock and paid-in surplus 11,000 157,000 Retained Earnings Total Equity 168,000 Total Assets 398,000 Total Liability & Equity 398,000 a. From the data above, construct the Pro Forma Income Statement and Pro Forma Balance Sheet for the year 2021 using Percentage of Sales method if assumed that there is a(n) (10 + 1)% increase in sales and payout ratio is constant! Interest expense does not change proportionally to sales. b. Calculate how much External Fund Needed, if (i) the firm operated at full capacity in 2020, (ii) operates at 86.5% capacity in 2020! c. Calculate how much Internal Growth Rate and Sustainable Growth Rate of PT Frozen Yoghurt