Problem 4-3 Lap Dogs Inc. is planning for next year and has the summarized results given below. The firm pays interest of 12% on all borrowing and is subject to an overall tax rate of 36%. It paid interest of $20,000 this year and plans a $70,000 dividend next year. Complete Lap Dog's forecast of next year's financial statements. Enter your answers in thousands. For example, an answer of $12 thousands should be entered as 12, not 12,000. Enter all amounts as a positive numbers. Income Statement ($000) EBIT $300 Interest EBT Income Tax Net Income $ Balance Sheet ($000) This Year Next Year $578 $721 Assets Current Liabilities 69 75 Debt 270 239 Equity Total Liab & Equity $578 $721