The Cambridge Cartage Company has partially completed its forecast of next year's financial statements.

The firm pays interest at 10% on all borrowings and pays a combined state and federal tax rate of 30%. Complete the forecast income statement and balance sheet. Begin by guessing at interest expense as 10% of beginning debt. Enter your answers in thousands. For example, an answer of $1.2 million should be entered as 1,200, not 1,200,000. Round your answers to the nearest whole thousand. Enter all amounts as a positive numbers.

Cambridge Cartage Company Financial Plan ($000)
INCOME STATEMENT			BALANCE SHEET Next Year
	Next Year			Beginning	Ending
Revenue	$17,220		ASSETS
Cost/expenses	14,120		Total Assets	$12,540	$18,330
EBIT	$ 3,100		LIABILITIES & EQUITY
Interest			Current liabilities	$ 410	$ 680
EBT	$		Debt	5,630
Tax		Equity	6,500
Net Income	$		Total L&E	$12,540	$18,330