Sales are forecast to increase by 15% in 2015.

Short-term Debt and Common Stock will not change. Net Plant and Equipment is forecasted to be $950 next year. Depreciation Expense in 2015 is expected to be $350.
In 2015, the company the dividend payout ratio will be 90%.

In 2015, cost of goods sold is expected to be 65% of sales.

Cash is expected to be 1% of sales, and inventories will be 4% of sales. Accounts payable will be 3% of sales.

Catherine expects the company to pay 15% compounded annually on its short-term debt. The interest expense on the short-term debt in 2015 is calculated as interest rate on Short-term debt * amount of short-term debt outstanding at the end of 2014.

The company’s tax rate is 30%.
Forecast the follwing income statement for 2015 with the above information and the Answers to 2014.
My Answer
2014 2015
sales 6000 6900
Cost of Goods sold 5100 4485
Gross margin 900 2415
depreciation 300 350
EBIT 600 2065
Interest 60 36
Earnings before tax 540 2029
taxes 162 608.7
Net income 378 1420.3

I am unsure of the last four answers for 2015 are correct, and if the payout ratio will affect the answers somehow.