Income Statement (in '000s)
	FY 2022
Sales revenue	$ 50,000
Costs except depreciation	$ 35,000
EBITDA	$ 15,000
Depreciation and amortization	$ 5,000
Earnings before interest and taxes (EBIT)	$ 10,000
Interest expense	$ 2,000
Earnings before taxes (EBT)	$ 8,000
Taxes (20%)	$ 1,600
Net Income	$ 6,400
Common stock dividends	$ 2,560
Increase in retained earnings	$ 3,840
Balance Sheet (in '000s)
	FY 2022
Assets
Cash and equivalents	$ 2,000
Accounts receivable	$ 4,000
Inventory	$ 4,000
Total current assets	$ 10,000
Property, plant and equipment	$ 60,000
Total assets	$ 70,000
Liabilities and Stockholders' Equity
Accounts payable	$ 6,000
Long-term debt	$ 15,000
Total liabilities	$ 21,000
Common stock	$ 30,000
Retained earnings	$ 19,000
Total liabilities and stockholders' equity	$ 70,000

se the percentage-of-sales approach (and the excel template below) to construct

 

i. The firm's pro-forma income statement for next year (Fiscal Year 2023) ii. The firm's balance sheet for next year (Fiscal Year 2023)

iii. What is the external financing need for 2023?