The Comfy is a product dreamed by the Speciale brothers, Michael and Brian. The Speciale Brothers hit the jackpot on Shark Tank and agreed to sell a 30% stake in their business for $50,000 on Dec 31, 2020. The first year went amazing! The company went from just a few protypes they made to over $15 million in sales. The company's first year results are given below. Note, like the real world, there is more information than you actually need to do this assignment. You need to figure out what to use. They have a negotiated contract with a manufacturer in Bangladesh for the following orders: Production Costs Monthly Production Bill with under 20,000 order $13/Comfy Monthly Production Bill with under 20,001-99,999 order $12/Comfy Monthly Production Bill with 100,000+ order $11/Comfy Shipping costs are $4 per Comfy (either to the customer directly or to the store/QVC). Additionally, the brothers have rolled out an advertising platform and website: thecomfy.com Customer acquisition costs (the cost of accepting credit cards and advertising on Facebook) are approximately $6 per comfy and occur the same month as the sale, regardless of the venue sold. Creating a Comfy Proforma Using the percentage of sales approach and the company's expectations of sales in the chart below, create a proforma income statement and balance sheet. Determine any additional funding needed in order to sustain the projected growth rate. The Shark wants her 30% of profits in the form of a cash dividend paid out. The Speciale brothers have promised to re-invest their money into the business for the first three years.