Given below is the financial data for year ended March 2020 for ABC Ltd. Abridged income statement for year ended Mar20

Abridged income statement for year ended Mar20	Rs. Lacs
Sales	4000
Variable costs	2800
Fixed operating costs	700
PBIT	500
Interest	200
PBT	300
Tax	90
PAT	210
Dividend	150

Abridged Balance sheet as on 31st March 2020	(Rs. lacs)
Capital and liabilities			Assets
Share capital	800		Fixed assets	2500
Reserves and surplus	700		Investments	100
Loans	1600		Current assets	2000
Current liabilities & provisions	1500
Total capital & liabilities	4600		Total Assets	4600

In the financial year ending March 2021, sales are expected to increase by 20%. Fixed assets and fixed operating costs are expected to increase by 5%. The company will maintain dividend at the existing level. Assume no change in interest expense. Tax rate is 30%. Show all calculations and assumptions clearly.Make projected income statement and Balance sheet for financial year ending March 2021.