Use EXCEL please & show ALL formulas used. Thank you!

a 2018 Pro Forma Trends on Target Inc.,.a regional fashion apparel retailer, wants to prepare Income Statement and a 2018 Pro Forma Balance Sheet using the following 2017 and 2016 data Trends on Target, Inc. Income Statement For the Periods Ended Dec. 31, 2017 &2016 Trends on Target, Inc. Balance Sheet As of Dec. 31, 2017 & 2016 2017 2016 862,000 678,000 1,006,000 730,000 578,000 600,000 2.446.000 2.008,000 9,338,000 8,644,000 4,590,000 4,112,000 4748.000 4.532,000 7194,000 6,540,000 5,600,000 5,134,000 Cash and Equivalents 3,715,000 1,885,000 1,712,000 Inventory Sales Cost of Goods Sold Gross Profir S,G&A Expenses Fixed Expenses Depreciation Expense 478,000 ERIT Interest Expense Earnings Before Taxes$63,000 Taxes Net Income 3,422,000 Accounts Receivable Total Carrent Assetsr 588,000 590,000 70,000 70,000 Plat & Equipment 446,000 Accumulated Depreciation 749,000 606,000 Net Fxed Asers 186,000182,000 Total Assets 424,000Liabilities and Owners' Equity 764,000 540,000 158,000 198,000 318,000 228,000 1,240,000 966,000 2,046,000 1,934,000 3.286 000 2.900 000 1,638,000 1,616,000 2,270,000 2,024,000 3.908,000 3,640,000 168,900 127,200 394,100 296,800 Short-term Notes Payable -yu- Accrued Expenses Total Current Liabilities Long-term Debe Total Liabilities Common Stock Retained Earnings Total Shareholder's Equity Total Liabilisies and Owners' Equity .194.000 6.540,000 The firm has forecasted sales of S6300,000 and a tax rate of 40% for 2018. Cost of goods sold and S, G&A expense in 2018 are expected to be the average of their two-year proportion of sales. On the balance sheet, accounts receivable, inventory, accounts payable, and accrued expenses are expected to be at the two-year average of the proportion of these items in relation to sales. The firm has planned an investment of $800,000 in fixed assets in 2018, with an estimated life of 10 years and no salvage value. These fixed assets will be depreciated using the straight-line depreciation method. You are to take a full year's depreciation on the new asset in 2018. Assume in developing the Pro Forma Income Statement that the firm pays interest in 2018 at the same level of 2017. Assume that the dividends in 2018 will be $140,000. A. What is the Discretionary Financing Needed (DFN) in 2018? Is this a surplus or deficit? Note: This should be the first tab on your Problem 2 worksheet B. What is the DFN under each of the following scenarios? I. 2. Best Case-Sales are 20% higher than expected. (Tab 2 on your worksheet) worst Case-Sales are l0% less than expected. (Tab 3 on your worksheet)