The company Kalen, which supplies equipment for ferries, has been aware of the pandemic in 2020. Below is the company's income statement and balance sheet for 2019 (outcome). lasems statement (SEK 2019 m) Balanse sheet (SEK million) 2019-12-31 Net sales. 11 000 Facilities. 1 400 Material sosts -3000 Stock 4 400 Personnel. Sosts -4000 Accounts, teseixable 2000 Depreciation asserding to -500 Checkout 200 plan Suther sosta -3000 Total assets 8 000 Operating profit 500 Interest sarensa -200 Equity 3 600 Tax -60 Long-term liabilities 4 000 Beracted.cesults 240 Surrent liabilities Total liabilities & equity 8 000 Eingosial surplus/ deficit 400 0 The following assumptions are made about the activities for the year 2020: - Sales fall in volume by 70%. Sales Brices are yosbanned - Materials and other operating costs can be considered as variable costs. - Prices for materials and other costs increase by 3%. - Personnel costs are reduced by 30%. - No investments in fixed assets are made. Repreciation in 2020 is 400. - Long-term loans are repaid as usual with 500 at the beginning of January. The interest rate is unsbanged - The average turnover rate for inventories is unchanged at 3.75 times per year. - The average payment time for customer invoices is unchanged at 73 days. - Current liabilities as a share of purchases (materials and other costs) are the same in 2020 as in 2019 - The corporate tax rate is 22%. - Cash requirements are 2% of sales Question: Draw up a financial plan to assess the financial situation at the end of 2020. The starting point is the income statement and balance sheet for 2019. Answer this question/ The company Kalen, which supplies equipment for ferries, has been aware of the pandemic in 2020. Below is the company's income statement and balance sheet for 2019 (outcome). lasems statement (SEK 2019 m) Balanse sheet (SEK million) 2019-12-31 Net sales. 11 000 Facilities. 1 400 Material sosts -3000 Stock 4 400 Personnel. Sosts -4000 Accounts, teseixable 2000 Depreciation asserding to -500 Checkout 200 plan Suther sosta -3000 Total assets 8 000 Operating profit 500 Interest sarensa -200 Equity 3 600 Tax -60 Long-term liabilities 4 000 Beracted.cesults 240 Surrent liabilities Total liabilities & equity 8 000 Eingosial surplus/ deficit 400 0 The following assumptions are made about the activities for the year 2020: - Sales fall in volume by 70%. Sales Brices are yosbanned - Materials and other operating costs can be considered as variable costs. - Prices for materials and other costs increase by 3%. - Personnel costs are reduced by 30%. - No investments in fixed assets are made. Repreciation in 2020 is 400. - Long-term loans are repaid as usual with 500 at the beginning of January. The interest rate is unsbanged - The average turnover rate for inventories is unchanged at 3.75 times per year. - The average payment time for customer invoices is unchanged at 73 days. - Current liabilities as a share of purchases (materials and other costs) are the same in 2020 as in 2019 - The corporate tax rate is 22%. - Cash requirements are 2% of sales Question: Draw up a financial plan to assess the financial situation at the end of 2020. The starting point is the income statement and balance sheet for 2019. Answer this question/