Please write down the process step by step.

The 2010 balance sheet and income statement for the Damon Company are shown below. Damon Company Balance Sheet as of 12/31/2010 (in 000 dollars) Cash $ 80 Accounts Payable $ 160 Accounts receivable 240 Accruals 40 Inventories 720 Notes payable 252 Fixed assets 3200 Long term debt 1244 Common stock 1605 Retained earnings 939 Total assets 4240 Total Liabilities & equity 4240 Damon Company Income statement for year 2010 (in 000 dollars) Sales $8000 Operating costs 7450 Interest 150 Taxes (40%) 160 Net income 240 Common stock price $ 16.96 Earning per share $ 1.60 Dividend per share $ 1.04 The firm operated at full capacity in 2010. It expects sales to increase by 20% during 2011 and expects 2011 dividends to increase to $1.10. Use the constant ratio method to determine how much outside financing is requires develop.ng the film's pro forma balance sheet and income statement, and use AFN as the balancing item