Q-3 The financial statements for the year ended June 30, 2018, are given below for ABAD Construction Company. The firm's sales are projected to grow at a rate of 25 percent next year, and all financial statement accounts will vary directly with sales. Based on that projection, develop a pro forma balance sheet and an income statement for the 2019 fiscal year. ABAD Construction Company Balance sheet as on June 30, 2018 ASSETS Liabilities & Stockholder's Equity Cash $ 3,349,239 Accounts payables $ 9,041,679 Accounts Receivable $ 5,830,754 Notes payables $ 4,857,496 Inventories $ 22,267,674 Total Current Assets $ 31,447,667 Total Current Liabilities $ 13,899,175 Net Fixed Assets $ 43,362,482 Long Term Debt $ 29,731,406 Other Assets $ 1,748,906 Common Stock $ 19,987,500 Retained Earnings $ 12,940,974 Total Assets $ 76,559,055 Total Liabilities & Equities $ 76,559,055