The balance sheet of Marvel Associates as at March 31, 2019 is shown below:

Liabilities	Rs	Assets	Rs
Share capital	6,258	Fixed assets	15,721
Retained Earnings	6,780	Inventories	5,984
Term loans	5,320	Receivables	3,586
Short-term Bank Borrowings	4,378	Cash	254
Accounts payable	1,873
Provisions	936
	25,545		25,545

The sales of the firm for the year ending on March 31, 2019 were 58,436. Its profit margin on sales was 10 percent and its dividend payout ratio was 45 percent. The tax rate was 33 percent. Marvel Associates expects its sales to increase by 50 percent in the year 2020. The ratio of assets to sales and spontaneous current liabilities to sales would remain unchanged. Likewise the profit margin ratio, the tax rate, and the dividend payout ratio would remain unchanged. Required: a. Estimate the external funds requirement for the year 2020. b. Prepare the following statements, assuming that the external funds requirement would be raised entirely from short-term bank borrowings:

(i) projected balance sheet and (ii) projected profit and loss account.

note: Please answer within 40 minutes, it would be very helpful I need it on urgent basis