question. 28. Complete the following pro forma financial statements for XYZ Conporasion ue ta percent-of-sales method and use lona-term debl as the pbug figure (ealancing iieiy following: 20% sales growth, current assets and liabilities vary with sales, $200 in 2018, no cquity issues or repurchases in 2018, no sale ord and a 50% dividend payout ratio. Round figures to the nearest w e word or phrase that best completes each statement or answers Use the item). Assume the capital expenditures ot no sale or disposal of fixed assets in 2018 hol e dollar. XYZ Corporation Financial Statements Actual 2017 and Pro Forma 2018 Income Statement Balance Sheet 2018 2017 2018 $1,000 2017 Sales Current assets S 300 COGS Operating expense Depreciation expense EBIT Interest expense Pre-tax income Tax 700Net fixed assets 100 Total assets 100 130 500 800 400 200 200 100 Current liabilities 25 20 Long-term debt 75 Equity Total liabilities &S 800 equity 25 Net income s 50