The Starlight, Inc. financial statements for the fiscal year ended June 30, 2013, are presented below. The firm's sales are projected to grow at a rate of 20 percent next year, and all financial statement accounts will vary directly with sales. Based on that projection, develop a pro forma balance sheet and income statement for the fiscal year ending June 30, 2014.
Starlight, Inc., Balance Sheet as of June 30, 2013

Starlight, Inc. Income Statement for the Fiscal Year Ended June 30, 2013
Net Sales ....................................... $1,450,000
Costs ................................................ 812,500
EBITDA ......................................... $ 637,500
Depreciation ....................................... 175,000
EBIT ............................................. $ 462,500
Interest ............................................... 89,575
EBT ............................................. $ 372,925
Taxes (35%) ...................................... 130,524
Net income ..................................... $ 242,401

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Assets: Cash Accounts receivables Inventories Total current assets $ 25,135 43,758 167,112 $236,005 Liabilities and Stockholders' Equity: Accounts payables Notes payables $ 67,855 36,454 Total current liabilities $104,309 Net fixed assets Other assets 325,422 13.125 Long-term debt Common stock Retained earnings 223,125 150,000 97,118 $574,552 Total assets $574,552 Total liabilities and equity