The following assumptions apply to the forecast of the next five months operations for The Pacific Company: Sales revenues will grow at a constant 5 percent each month. Cost of goods sold will be a constant 30 percent of sales revenue. Other expenses will grow at a constant monthly rate of 4 percent. December other expenses were $80. Dividends will be paid out monthly at a rate of 18 percent of net income. Cash will be collected at a rate of 65 percent of current month sales and the remaining 35 percent will be collected the following month. December sales were $300. Payments will be made in the month supplies are delivered. The Pacific Company requires supplies two months ahead of sales; hence cash disbursements are estimated to be equal to the following two months cost of goods sold, plus the current months other expenses and dividends. Other assets grow at a 5 percent monthly rate. There will be no additional equity additions. Total equity will increase by the amount of retained earnings increases. Total liabilities will increase by an amount needed to keep total liabilities plus total equity equal to total assets. Prepare the following for The Pacific Companys next four months: Prepare the following for The Pacific Companys next four months: A budgeted income statement A budgeted balance sheet A cash flow budget Compute the strategic growth rate for The Pacific Company for the next four months. Comment on the companys SGR relative to its growth in sales revenue.