A.) -$30

B.) $354

C.) $46

D.) $329

Net sales $7,500 Less: Cost of goods sold 6,415 Less: Depreciation 200 Earnings before interest and taxes 885 Less: Interest paid 25 Taxable income 860 Less: Taxes 300 Net Income $560 Thinker, Inc. 2017 Balance Sheet Cash $1,050 Accounts payable $1,750 Accounts rec. 850 Long-term debt 330 Inventory 2.100 Common stock 2,500 Total Current $4,000 Retained earnings 1.020 Net fixed assets 1.600 Total assets $5,600 Total liabilities & equity $5,600 (Note: 2017 Dividends - $252) Thinker, Inc. forecasts sales growth of 10% next year. Assume all assets and current liabilities vary directly with sales and that the payout ratio and net margin remain constant. Using percent of sales forecasting, which of the following is closest to the firm's DFN