Use the financial data provided below to perform the following pieces of analysis: 1. a 2023 forecast of the income statement and balance sheet 2. Answer the question (below) related to your forecast and ratio computations. Use the assumptions below to perform the forecast: 1. Sales are expected to grow 25% in 2023. 2. The firm will need to grow Property, Plant, \& Equipment by 8,000 in 2023. 3. Depreciation (on the income statement) will be $3,000 in 2023. 4. Fixed Operating Costs will increase by $1,200 in 2023. 5. The Note Payable and Long-Term debt will remain unchanged in your initial forecast 6. Tax and Dividend assumptions (the rates) will be unchanged from 2022 7. Cash will remain at $1,000 8. Accrued Wages \& Taxes will grow with Sales. 9. All other items will follow standard growth-based forecast assumptions Use the financial data provided below to perform the following pieces of analysis: 1. a 2023 forecast of the income statement and balance sheet 2. Answer the question (below) related to your forecast and ratio computations. Use the assumptions below to perform the forecast: 1. Sales are expected to grow 25% in 2023. 2. The firm will need to grow Property, Plant, \& Equipment by 8,000 in 2023. 3. Depreciation (on the income statement) will be $3,000 in 2023. 4. Fixed Operating Costs will increase by $1,200 in 2023. 5. The Note Payable and Long-Term debt will remain unchanged in your initial forecast 6. Tax and Dividend assumptions (the rates) will be unchanged from 2022 7. Cash will remain at $1,000 8. Accrued Wages \& Taxes will grow with Sales. 9. All other items will follow standard growth-based forecast assumptions