6. Projected financial statements and basic analysis You are the most creative analyst for Black Sheep Broadcasting Company, and your admirers want to see you work your analytical magic once more. Just II I, II, and III II and III Just III I only I and II Which of the following are assumptions made by the initial income statement forecast? Check all that apply. Spontaneously generated funds will sufficiently cover any financing needs. No excess capacity currently exists. Black Sheep Broadcasting Company will be issuing additional shares of common stock in the coming year. Black Sheep Broadcasting Company will be issuing additional debt in the coming year. The forecasted increase in net sales is 50%. The cost of sales percentage for Black Sheep Broadcasting Company will decrease due to economies of scale. If Black Sheep Broadcasting Company had neither a sufficient amount of excess capacity to handle forecasted increases in operations nor the level retained earnings required to increase asset levels up to the necessary level for production, this difference would be referred to as and could be acquired in which of the following forms? I. Issuing additional common stock II. Borrowing from a bank using notes payable