7. Problem 9.09 (Financing Deficit) Financing Deficit Garlington Technologies Inc.'s 2018 fenancial statements are shown below: Balance sheet as of December 31,2018 Suppose that in 2019 sales increase by 15% over 2018 ssles and that 2019 dividends will increase to $146,000. Forecast the financial statements using the forecasted financial statement method. Assume the firm operated at full capacity in 2018, Use an interest rate of 13%, and assume that any new debt will be added at the end of the year (so forecas the interest expense based on the debt balance at the beginning of the year). Cast does not earn any interest income. Assume that the all new-debt will be in the form of a line of credit. Enter your answers as positive values. Do not round intermediate calculations. Round your answers to the nearest dollar. Garlington Technologies Inc. Pro Forma Income Statement December 31. 2019 Garlington Technologies Inc. Pro Forma Balance Statement