2017. Total assets and accounts payable are propertional to sales, and that relathnship will be maintained; that is, they will grow at the same rate as ales. Arrington typicaliy uses no current lablities other than accounts payable. Common stock amounted to 1275,000 in 2016 , and retained earnings were $265,000. Arrington plans to sell new cormmin stock in the amount of 390,000 , The firmis profit maroin on sales is 344,49% of earmings will be retained. a. What ware Arnngtet's toeal liabilibes in 2016? Wrate cut your answer completely. For example, 25 malion thould be entered as 25 , 000,000. Round your answer to the nearest b. How much new iong term debt fnanding wis be needed in 2017? Wise out your answer completely, for example, 25 million should be entered as 25,000,000. Do not round