This is a one complete question becasue it is a proforma.

PROFORMA ASSUMPTIONS: Below is the financial statement for 2018 and 2019. Proforma year is 2020. Lululemon Co. expects that sales in 2020 will increase by 13%. The company is planning to expand its operations to new cities in 2020. For the planned expansion, Lululemon Co. received $1,200 additional long-term loan from J.P. Morgan Chase and will use this loan to finance the purchase of a new office building. Salaries are expected be $113 but the market conditions will lead COGS will be 5 percent lower than the 2019 level. When projecting the 2020 balance sheet, Lululemon Co. believed that the accounts receivable days will be 9 days higher than ACP days of 2019. Inventory days and accounts payable amount will remain unchanged from 2019 since the business has recently been rewarded with extended payment terms from its suppliers going forward. Current maturities of long-term debt (CMLTD), minimum cash ratio and dividend payments will remain same as in 2019. Tax rate is 14%. Interest rate for long-term loan in 2020 is projected to be 2. Interest expense on short term debt is delayed until 2021 (this means apply the interest rate only on long-term debt). Rental expense would be $4 per month. Depreciation expense would be the same percentage of gross fixed assets as was in 2019. With these expectations proforma Net Income will be S844. INCOME STATEMENT Net sales Cost of goods sold Salaries Rental expenses Depr. Expense Interest expense Tax expense Net income (loss) 2018 1,316 332 90 26 12 2019 1,658 673 100 18 30 338 71 428 560 48 248 5844 INCOME STATEMENT Net sales Cost of goods sold Salaries Rental expenses Depr. Expense Interest expense Tax expense Net income (loss) 2018 1,316 332 90 26 12 560 48 248 2019 1,658 673 100 18 30 3381 71 428 2 BALANCE SHEET Cash Accounts receivable Inventory Total Current Assets GFA Accd depre Net fixed assets Total Assets Accounts payable Bank line of credit Current portion due on term loan Total Current Liabilities Long-term debt Total Liabilities Total equity Total Liabilities and Equity 2018 26 72 85 183 1,138 110 1,028 1,211 39 0 2019 20 82 78 180 1,575 140 1,435 1,615 52 225 70 347 805 1,152 463 1,615 70 109 875 984 227 1,211 What is proforma net sales in 2020? 2.018 1,874 1.526 2,026 What is proforma COGS in 2020? 9 606 639 12 1.003 766 What is proforma annual rental expenses in 2020? 6 6 66 72 48 What is proforma gross fixed assets in 2020? 2.775 3,275 2,580 2,835 What is proforma depreciation expense in 2020? 19 26 62 53 What is proforma accumulated depreciation in 2020? 226 9 115 202 12 193 18 What is proforma long-term bank loans in 2020? 1,935 2,435 2,115 2,025 What is proforma interest expense in 2020? 3 29 9 26 44 2 39 18 What is proforma tax expense in 2020? 55 123 137 76 What is proforma accounts receivable in 2020? 99 139 129 119 What is proforma accounts payable in 2020? 59 30 28 52 What is proforma dividends in 2020? 126 110 192 180 What is proforma total equity in 2020? 905 1.425 1,115 1,065 What is the PLUG in 2020? -326 -354 354 326 BONUS: What is the proforma line of credit (short-term bank loan) in 2020? 245 326 352 BONUS: What is the proforma line of credit (short-term bank loan) in 2020? What is the proforma cash in 2020 ? 23 377 385 366