Project the 2021 plan year, based on the following: (Round to the nearest whole $$!) 2021 Plan Whole $ Only Sales Cost of Goods Sold (ex. Dep) Depreciation (Dep) S, G, &A EBIT Net, Interest Expense Pre-Tax Income Taxes Net Income 2020 $ 8,000 5,200 500 1,500 800 100 700 280 $ 420 Projection Assumptions 15% Increase Same % of Sales Increase by $95 Same % of Sales See Note Below 25.63% Tax Rate 36.5 Days Outstanding Sales 109.5 Days O'S COGS (ex. Dep) $ 1,000 833 1.625 3,458 3,000 125 $ 6,583 Decrease by $15 Cash Accounts Receivable Inventory Current Assets Net Plant, Property, and Equip Other Assets Total Assets Accounts Payable Accrued Liabilities Short-Term Debt Other Current Liabilities Current Liabilities Long-Term Debt Stockholders' Equity Total Liabilities and Equity Same Turnover - COGS (ex. Dep) 10% COGS (ex. Dep) Increase by $60 $ 650 542 800 55 2,047 1,200 3,336 $ 6,583 Sources (Uses) Sources (Uses) Net Income Depreciation Change in Accounts Receivable Change in Inventory Change in Other Assets Change in Accounts Payable Change in Accrued Liabilities Change in Other Current Liab Cash Flow from Operations Capital Expenditures Change in Short-Term Debt Change in Long-Term Debt Dividends Cash From (Used for) Fin Change in Cash 420 500 (234) 189 (11) 273 (56) 68 1,149 (425) Estimate (550) 50 Estimate Estimate 60% Dividend Payout (650) 200 50 (215) (115) $ 609 * Year 1 Interest Expense is calculated as 6% (the interest expense rate) times the sum of Year O STD and Year O LTD balances, offset by 2% (the interest income rate) times the Year 0 cash balance