The following information is extracted from Layne Ltd's financial statement for 2020. Use the following information to answer questions 67-70. Income Statement GHS Balance Sheet GHS Sales 10,000 Fixed Assets 15,000 Cost of sales (6.500) Current Assets 8,000 Gross profit 3,500 23,000 Tax (700) Equity 12,000 Net Profit 2.800 Retained Earnings 6,000 Current liabilities 5,000 23,000 Sales is expected to increase by 20% in 2021. 67. Determine the expected sales in 2021 a. GHS 2,000 b. GHS 10,200 c. GHS 1,200 d. GHS 12,000 68. The cost of sales in 2021 will be.. a. GHS 7,800 b. GHS 1.300 c. GHS 780 d. GHS 6,630 69. The net profit for 2021 can be estimated as........ a. GHS 3,360 b. GHS 560 Examiner: Prof. G.A. Bokpin, L. Mensah (PAD) Dr. L Amoal, Dr. J. Welbeck, Dr. E. Mensah, Prof. A Frimpong Page 14 of 15 Index Number: Lecturers Name: C. GHS 3,500 d. GHS 10,500 70. What amount of external finance is required assuming the current liabilities do not vary with sales? a. GHS 2,600 b. GHS 1.240 c. GHS 2,880 d. GHS 1,900