please show calculation

Using S&S Air financial statements for 2018 below, prepare proforma (forecast) for 2019 financial statements. S&S Air is planning for a growth rate of 12 percent next year. Tax rate is 25%. The company is operating at full capacity. Calculate the External Financing Needed (EFN) for the company. Income Statement: Costs vary directly with sales. Depreciation and interest expense do not vary directly with sales. Dividends do not vary directly with sales. Balance Sheet: Assume all assets vary directly with sales. Accounts payable will also normally vary directly with sales. Notes payable, long-term debt and equity do not vary directly with sales because they depend on management decisions about capital structure. The change in the retained earnings portion of equity will come from the dividend decision. S&S Air, Inc. 2018 Income Statement S&S Air, Inc. 2018 Balance Sheet Assets Liabilities and Equity Sales $46.298.115 Current assets Current liabilities Cost of goods sold 34.536.913 Cash S 524.963 Accounts payable S 1.068.356 Other expenses 5.870.865 Accounts receivable 843,094 Notes payable 2.439,553 Depreciation __2.074.853 Inventory 1.235.161 Total current liabilities $ 3,507,909 EBIT $ 3.815,484 Total current assets $ 2,603,218 Long-term debt S 6.300.000 Interest 725,098 Fixed assets Taxable income $ 3.090.386 Net plant and equipment $20.381.945 Shareholder equity Common stock Taxes (21%) 772,597 S 460,000 Net income $ 2,317,789 Retained earnings 12.717.254 Dividends $ 705.000 Total equity $13.177.254 Add to retained earnings 1,612,789 Total assets $22.985.163 Total liabilities and equity $22.985.163