3.The most recent financial statements for Fontenot Co. are shown below: Income Statement ($s) Balance Sheet (in $s) Sales 54,000 Current Assets 31,000 Costs 39,300 Fixed Assets 118,000 Long-term debt Equity 68,000 81,000 Taxable 14,700 Income Taxes (34%) 4,998 Net Income 9,702 Total 149,000 Total 149,000 Assets and costs are proportional to sales. The company maintains a constant 30 per cent dividend payout ratio and a constant debt-equity ratio. What is the new sales that can be sustained assuming no new equity issued?