Problem 2: Creating Proforma Financial Statements The 2019 Income Statement and Balance Sheet are given below for Pro Forma Income Statement and Balance Sheet. What is the Extern Van Buren Enterprises Income Statement ($ thousands) Year Ended December 31st, 2019 2019 Actual Net Sales $ 9,870 Cost of Goods Sold 8.093 Gross Profit $ 1,777 Operating Expenses 986 Depreciation Expense 182 Operating Income (EBIT) $ 609 Interest Expense 83 Taxable Income $ 526 Income Tax Expense 110 Net Income 416 Van Buren Enterprises Assumpti Growth rate in Net Sales 80% Long-T Cost of Goods Sold (% of Sales) 82% Cash/S Operating Expenses (% of Sales) 10% Accoun Depreciation Expense (estimate $) 192 Invento Interest Expense (Total estimate $) 159 Accoun Tax Rate 21% Accrue Dividend Payout Ratio 50% Net Fix Assume the Interest Expense estimate includes the cost of any new d Sheet and Income Statements. What is the External Funding Require Create your Original Solution Below - Be sure to show all calcula Van Buren Enterprises Income Statement ($ thousands) Pro Form Year Ending December 31st, 2020 2020 Forecast