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2. Following are Financial Statements for Hajj Corporation on 2019. Item Cash Receivables Inventories Total current assets Balance Sheet RM Item 258,000 Account payables 798,000

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2. Following are Financial Statements for Hajj Corporation on 2019. Item Cash Receivables Inventories Total current assets Balance Sheet RM Item 258,000 Account payables 798,000 Accruals 1,050,000 Note payable 2,106,000 Total current liabilities Bonds 1,410,000 Common stock Retained earnings 3,516,000 Total (Liabilities + Equity) RM 582,000 438,000 360,000 1,380,000 350,000 350,000 1,436,000 3,516,000 Fixed assets Total Assets Income Statement RM Sales 3,750,000 Operating costs 3,394,000 EBIT 356,000 Interest 106,000 EBT 250,000 Taxes (40%) 100,000 Net Income 150,000 Dividends (30%) 45000 Addition to retained 105,000 earnings Table 4 Additional information: During the next year, sales increase by 15%. Interest remained. You are required to find Additional Fund Needed. (20) (Total: 20)

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