The following balance sheet information represents actual data for 2011 and forecasted data for 2012:

The actual income statement for 2011 is as follows:
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000
Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,000
Depreciation expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,000
Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 400
Income before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,600
Income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 910
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,690
Sales are expected to increase by 30% in 2012. Prepare a forecasted income statement for2012.

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Actual 2011 Forecasted 2012 Current assets Property, plant, and equipment (net) Accounts payable Long-term debt Total stockholders' equlty $2.000 5,000 500 4,000 2,500 $2.600 6,000 650 5.000 2,950