8110l3c|A 0 \"53m 51%. 6 Assignment / GB 0.1) Using the 2012 financial statements for DRE Corporation and this additional information, prepare a pro forma income statement and balance sheet for the year 2013. Determine the discretionary nancing needed (DFN) and assume that if the DFN is positive, the company will increase long-term debt, and if DFN is negative, the company will pay back some longterm debt. Sales for next year (2013) are expected to increase by $300,000 to $1,800,000. The firm is running efficiently and at full capacity so that all assets and spontaneous liabilities are expected to increase proportionally with sales. The dividend payout ratio for 2013 will be 40%. DRE Corporation 2012 Financial Statements Income Statement [3! I Sales | 1,500,000 Net Income | 250,000 Balance Sheet ($1 I Cash | 400,000 Accounts Receivable I 450,000 inventory | 350,000 Property, Plant, & Equipment I 650,000 Total Assets | 1,850,000 Accounts Payable | 200,000 Short Term Notes Payable I 250,000 Longterm Debt I 550,000 Common Stock | 200,000 Retained Earnings | 650,000 Total Liabilities and Equity I 1,850,000 \"I O <