Question 2. (20 points) You have been given the attached 11 50 percent in 2019 and ope ating costs shot but all other as a spontan operated at 60 percent of capacity in 2018, been given the attached information on the ABC Company. ABC expects sales to grow by 2019 and operating costs should increase in proportion to Sales. Fixed assets were being Ou percent of capacity in 2018. but all other assets were used to full capacity. merutilized fixed assets cannot be sold. Current assets and spontico ontaneous liabilities should increase in ion to sales during 2019. The company plans to finance any external funds needed as 40 eht notes payable and 60 percent long-term debt. The interest rate is 6 percent and you can assume nterest expenses will be paid at the beginning of the year. That is, interest expenses for 2019 will based on the amount of debt at the end of 2018. The dividend payout ratio (50%) will remain constant. Information on the ABC Company: Year 2018 Sales Operating costs EBIT Interest EBT Taxes (40%) Net Income Dividends (50%) Add'n to R.E. $1,000.00 800.00 $ 200.00 15.00 $185.00 74.00 $ 111.00 55.50 $ 55.50 December 31, 2018 Current Assets Net fixed Assets Total assets $ 600.00 400.00 $1,000.00 A/P and Accruals N/P Long term debt Common stock Retained earnings Total Liab & Equity $ 150.00 200.00 100.00 150.00 400.00 $1,000.00 Calculate the additional funds needed (AFN) using the percentage of sales method and prepare 2019 pro-forma balance sheet (ignore any financing feedback effect)