17. MADA CORPORATION has the following balance sheet last year: cash $800, A/R $450, Inventory $ 950, Net fixed assets $34,000. Total Assets $36,200. They also have the Liabilities and equity as follows: A/P $350, Accrued Wages $150, N/P $2,000, Mortgage $26,500, Common Stocks $ 3,200, R.E $ 4,000, Total L+ OE $36,200. MADA corp. expects sales to double, increasing net income to $1,000. Management feels that they can handle the increase without adding any fixed assets, will MADA need an external funds if they pay no dividends if so, How much?

a. No: there will be a $700 surplus.

b. Yes; $7,700

c. Yes; $700

d. Yes; $1,700

e. No; zero