2 Please include calculations in calculation area. 3 Red Rose Ltd. is very excited because sales for the nursery and plant company are expected to increase from $680,000 to $1,500,000 next year. Red Rose's net assets (assets - liabilities) will remain at 50 percent of sales. The company will enjoy an 8 percent return on total sales and began the year with $100,000 in the bank. Required: Calculate the likely cash balance for the end of the year. Discuss how will this impact Red Rose's cash position ensure you show all calculations to support your answer. Calculations: Cash Balance: + 03 - Gross Profit Margin 04 - Percentage of Sales Method 05 - Cash Impact 05