3. The Additional Funds Needed (AFN) equation Bohemian Manufacturing Company has the following end-of-year balance sheet ary Bohemian Manufacturing Company Balance Sheet For the Year Ended on December 31 Assets Liabilities Current Assets Current Libres: Cash and equivalents $150,000 Accounts payable $250,000 Accounts receivable 400,000 Accrued liabilities 150,000 Inventories 350.000 Notes payable 100,000 Total Current Assets $900,000 Total Current Liabilities $500,000 Net Fixed Assets Long-Term Bonds 1,000,000 Net plant and equipment $2,100,000 Total Debt $1,500,000 (cost minus deprecation) Common Equity Common stock 800,000 Retained earnings 700,000 Total Common Equity 51,500,000 Total Assets $3,000,000 Total Liabilities and out $3,000,000 The firm is currently in the process of forecasting sales, ments, and roured funding for the coming year. In the year that just ended, cine coming Bohemian Manufacturing Company generated $500,000 net income one of $12.500,000. The firm expects sales to increase by 19 th coming Gintain its MacBook Pro go 888 22 & 7 > 0 4 2 3 5 6 9 8 W E R Y T 0 U S D F G H J L