Tasha's Toy Emporium Income Statement, 2021 Sales Less: costs EBT Less: taxes (21% of EBT) Net Income Dividends Addition to rerained earnings Assets Current Assets Cash A/R Inventory assume sales grow at 10% Total C.A. Fixed Assets Net PP&E Total Assets payout ratio= 0.45 5,000 -3,500 1,500 -315 1,185 Tasha's Toy Emporium - Balance Sheet 2021 2022 Current % of sales Pro Forma $500 2,000 4,000 6,500 % of sales 5,000 11,500 70.0% 30.0% 6.3% 23.7% 10% 40 80 120 100 220 Complete the following: if payout ratio is 45% Complete the pro forma income statement and balance for 2022

payout ratio =0.45 Complete the following: if payout ratio is 45% Complete the pro forma income statement and balance for 2022