The balance sheet of Havalari, Inc. as of December 31,19x1 is shown below (figures in thousand pesos): Salesduring 19x1 were P8 million. Havalari expected salesto increase to P12 million in 19x2. Existing agreements with its long-term creditors required the company to maintain a long-term debt-to-equity ratio of 0.25. Havalari expected to maintain its net profit margin of 5 percent in 192. The company paid 30 percent of its net income as dividends. Flor Havalari, president of the company, knew that the company had to increase its inventories and customer credit and to expand its cheese-making plant to meet the large increase in sales for 192. She believed that these should increase in the same Required: a) Prepare a forecast balance sheet for 19x2 using the percentage-of-sales method. b) Evaluate the financial position of Havalari, Inc., as of December 31, 19x1 compared to the previous year. What risk docs the company face in 19x2 assuming that it achieves its sales target