103. The most recent financial statements for Moose Tours, Inc. follow. Sales for 2013 are projected to grow by 16 percent. Interest expense will remain constant; the tax rate and dividend payout rate will also remain constant. Costs, other expenses, current assets, and accounts payable increase spontancously will sales. If the firm is operating at full capacity and no new debt or sales? equity is issued, how much external financing is needed to support the 16 percent growth rate in 2012 Income Statement Sales Costs Other expenses Earnings before interest and taxes Interest paid Taxable income Taxes (34%) Net income $910,000 709,000 $190,000 20.900 $169,100 S111.606 Dividends Addition to retained earnings $44.642 $66.964 Balance Sheet as of December 31, 2012 Assets Liabilities and Owners' Equity Current assets Cash Accounts receivable Inventory Current liabilities Notes payable Long-term debt $24,000 42,000 Accounts payable $66,000 10,000 $76,000 $142,000 Total Total Fixed assets $142,000 Owners' equity Net plant and equipment 367000 Common stock and paid-in surplus $23,000 268,000 $291,000 Retained earnings Total Total liabilities and owners' equity Total assets $509,000 $509,000 A. $-10,246 B. -$8,122 C. -$6,708 D. $2,407 E. $3,309