The following tables summarizes the 2019 income statement and end-year balance sheet of Drake's Bowling Alleys. Drake's financial manager forecasts a 10% increase in sales and costs in 2020. The ratio of sales to average assets is expected to remain at 0.40. Interest is forecasted at 5% of debt at the start of the year. INCOME STATEMENT, 2019 (Figures in s thousands) $1,480 (40% of average assets) a 1,110 (75% of sales) 31 (5% of debt at start of year) S 339 136 (40% of pretax profit) S 203 Sales Costs Interest Pretax profit Tax Net income b a Assets at the end of 2018 were $3,600,000. b Debt at the end of 2018 was $620,000. Assets BALANCE SHEET, YEAR-END (Figures in s thousands) $3,800 Delt Equity $3,800 S 620 3,180 $3,800 Total Implied level of assets Additional cash b. C. Debt ratio