a) Wise Corporation is trying to determine the additional funds needed to support its forecasted sales next year. The followings are the partial financial statement for the year ended in 2020. Wise Corporation Partial Statement of Financial Position for the year ended in 2020 (RM) 320,000 750,000 800,000 400,000 120,000 2,390,000 Liabilities and Equities Trade payable Long term debt Common stock Capital surplus Retained eamings Total Liabilities and equities Additional information for 2020: Net income Dividend distributed to shareholders RM621,400 RM434,980 65% Total asset tumover Wise Corporation estimates that sales in 2021 will increase by RM932,100. Besides, it also decided to maintain its current net profit margin and dividend payout ratio for 2021. The total assets and trade payable are estimated to increase spontaneously with sales. Given the above information, calculate the sales amount and estimate the additional financing needed by Wise Corporation in 2021. (8 marks) b) Explain the advantage of using short-term financing if the company decides to use it as an external source.