ABC Inc. Balance Sheet as of December 31, 2015 Assets L&O Cash $ 180.000 360.000 Accounts Payable Notes Payable Account Receivables 360.000 156.000 Inventories 720.000 Accrued Liabilities 180.000 Total Current Assets 1.260.000 Total Current Liabilities 696.000 Owner's Equity Common Stock Total Fixed Assets 1.440.000 1.800.000 Retained Earnings 204.000 Total Assets 2.700.000 Total Liabilities and OE 2.700.000 ABC Inc.: Income Statement for December 31, 2015 Sales $ 3.600.000 3.280.000 Operating costs (-) EBIT 320.000 Interest 20.000 EBT 300.000 Taxes (40%) 120.000 Net Income 180.000 PER SHARE DATA: Common stock price $ 24,00 Earnings per share $ 1,80 Dividends per share $ 1,08 Suppose that in 2016 sales increase by 10% over 2015 sales and that DPS will increase to $1,12. Construct the pro forma financial statements using the projected financial statements method. Use AFN to balance the pro forma balance sheet. How much additional capital will be required? ABC Inc. Balance Sheet as of December 31, 2015 Assets L&O Cash $ 180.000 360.000 Accounts Payable Notes Payable Account Receivables 360.000 156.000 Inventories 720.000 Accrued Liabilities 180.000 Total Current Assets 1.260.000 Total Current Liabilities 696.000 Owner's Equity Common Stock Total Fixed Assets 1.440.000 1.800.000 Retained Earnings 204.000 Total Assets 2.700.000 Total Liabilities and OE 2.700.000 ABC Inc.: Income Statement for December 31, 2015 Sales $ 3.600.000 3.280.000 Operating costs (-) EBIT 320.000 Interest 20.000 EBT 300.000 Taxes (40%) 120.000 Net Income 180.000 PER SHARE DATA: Common stock price $ 24,00 Earnings per share $ 1,80 Dividends per share $ 1,08 Suppose that in 2016 sales increase by 10% over 2015 sales and that DPS will increase to $1,12. Construct the pro forma financial statements using the projected financial statements method. Use AFN to balance the pro forma balance sheet. How much additional capital will be required