The most recent financial statements for Sharjah Trading, are shown below: Sharjah Trading Income Statement -2020 Sales 980,760 Less cost of goods sold Other expenses 792,960 20,060 EBIT Less: Interest paid 167,740 14740 Taxable income Less: Taxes @ 21% 753,000 32,130 Net Income 120,870 Dividend 39,250 Retained Earnings 81,620 Sharjah Trading Balance Sheet 2020 Assets Liabilities and Owners' Equity Accounts Payable Current Assets Fixed Assets 166,460 455,980 Notes Payable Total Current Assets 71,720 17620 89,340 LTD 170,000 Owners' Equity (including RE) 363.100 Total Assets 622,440 Total Liabilities and Owners' Equity 622,440 Sales growth of 20% is projected for next year. Interest expenses will remain constant. Assets, accounts payable, and costs are proportional to sales, other Debts and equity are not The company wishes to maintain a constant payout ratio. Based on the above information: Prepare proforma Income statement and Pro-Forma Balance sheet and calculate the External Financial Needs (EFN)