The accounts related to the Balance Sheet as well as Income Statement for a company are given below as of Dec 31st 2017. Company Y does not distribute any dividends and had no depreciation in 2017. Accounts in $ Sales Common Stock Cost of Goods Sold Accumulated Retained Earnings Interest Long Term Debt Taxes Notes Payable Net Fixed Assets Accounts Payable Inventory Accounts Receivable Cash 2017 2,000 1,776 1,400 224 320 3,200 56 200 3,600 600 1,200 880 320 Anticipating the economic recovery and increased demand, company would like to grow 10% per year in the following two years In 2017, company was operating 10 % below capacity, that is, in 2018, sales can be increased without having to increase assets. Here is what the company is planning for 2018 and 2019: 2018: No dividends will be distributed, no stock sale or purchase will take place All assets stay as before, accounts payable increases by 10%. COGS increases at the same rate as sales, interest, tax rate, and NWC stay the same 2019: No dividends will be distributed, no stock sales or purchase. - Assets, accounts payable, COGS increase at the same rate as sales. Interest, tax rate, and NWC stay the same. Produce company's Income Statements and Balance Sheets for 2018 and 2019