Question 29: ubs, Inc. expects its sales to increase 25% in the coming year. The pay a dividend to its shareholders of $10,000. Subs Inc.'s current income statement and balance sheet are as follows: company expects to Income Statement Year Sales Cost of Goods Sold(65,000) EBITDA Depreciation 2017 | |Pro-forma2018 %ofsales $100.000 35,000 (10,000) 25,000 EBIT Interest Expense Pretax Income Taxes Net Income 20,000 (7,000) $13,000 Using the percentage of sales methodology, please calculate the pro-forma Income Statement for the coming year. Also, calculate the pro-forma Balance Sheet (below) and additional financing needed or excess financing (before you adjust the Balance Sheet for financing needed or excess financing). Balance Sheet (First Pass and calculate additional financing or excess financing) 2016 | % 2018 Liab&Equity | 2016 | % | 2018 $4,000 Assets Cash Accts. Rec. 5,400 Accts. Payable $7,500 Long-term Debt Equity- 43,500 14,900 Inventory 8,000 Fixed Assets Total Assets Excess inancing 48,500 65,900 Total L&E 65,900 Needed Financing