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Use the following information to answer questions 1 -3Inhale, Inc.2018 Income Statement Net sales$18,400 Cost of goods sold15,200 Depreciation700 Earnings before I and T$2,500 Interest paid70 Taxable Income$2,430 Taxes960 Net income$1,470 Dividends$390Inhale, Inc.2018 Balance Sheet20182018 Cash$7,600 Accounts payable$6,840 Accounts rec.2,200 Long-term debt700 Inventory8,200 Common stock$8,400 Total$18,000 Ret. Earnings11,660 Net fixed assets9,600 Total assets$27,600 Total liabilities & equity$27,600Inhale, Inc., is currently operating at maximum capacity. Allcosts, assets, and current liabilities vary directly with sales.The tax rate and the dividend payout ratio will remain constant. In2019, no new equity will be raised and sales are projected toincrease by 10 percent. Construct the pro formas for 2019 (at firstleave interest and long term debt unchanged). Then answer thefollowing questions.Projected total assets = $______Projected 2013 Retained Earnings = $______Additional new debt required = $______