The sales department in Globex Corporation has estimated a 10% growth in revenues for 2020. Historically, receivables are approximately 7% of revenues, inventory approximately 14.5% of revenues, and payables are usually 5% of revenues. Use the attached financial statements along with this forecasted information to calculate the following: (* Note: round to nearest dollar) 1. 2020 forecasted revenues 2. 2020 receivables 3. 2020 inventory 4. 2020 payables 5. AReceivables 6. Inventory 7. A Payables 8. AFNWC GLOBEX CORPORATION 2019 2018 INCOME STATEMENT Revenues COGS Gross Profit Operating Expenses Depreciation EBIT Interest Expense Taxes NI Dividends Change in Retained Earnings $5,020.00 ($3,420.00) $1,600.00 ($462.00) ($31.40) $1,106.60 ($25.00) ($284.64) $796.96 ($235.00) $561.96 $4,415.00 ($3,000.00) $1,415.00 ($392.70) ($30.22) $992.08 ($25.00) ($398.42) $568.66 ($223.00) $345.66 BALANCE SHEET Cash and Equivalents Accounts Receivable Inventory Total Current Assets Fixed Assets Accumulated Depreciation Net Fixed Assets Total Assets $573.36 $380.00 $780.00 $1,733.36 $860.00 ($201.40) $658.60 $2,391.96 $166.29 $440.00 $760.00 $1,366.29 $720.00 ($180.00) $540.00 $1,906.29 Accruals Accounts Payable Short-Term Notes Payable Total Current Liabilities Long-Term Debt $90.00 $254.00 $110.00 $454.00 $690.00 $74.97 $207.00 $110.00 $391.97 $670.00 Long-Term Debt Total Liabilities $690.00 $1,144.00 $670.00 $1,061.97 Common Stock Retained Earnings Total Shareholders' Equity $286.00 $961.96 $1,247.96 $444.32 $400.00 $844.32 Liabilities and Shareholders' Equity $2,391.96 $1,906.29 *values shown above are in $1,000s Blank # 1 Blank # 2 Blank # 3 Blank #4 Blank # 5 Blank # 6 Blank #7 Blank #8