At year-end 2021, total assets for Arrington Inc. were 51.7 million and accounts payable were $345,000. Sales, which in 2021 were $3.00 milion, are expected to increase by 20% in 2022. Total assets and accounts payable are proportional to sales, and that relationship will be maintained that is, they will grow at the same rate as sales. Arrington typically uses no current Habilities other than accounts payable. Common stock amounted to $490,000 in 2021, and retained warnings were 3475.000 arrington plans to be new common stock in the amount of $120,000. The firm's profit maroin on sales in 8%; 35% of earnings will be retained. 5. What were Arrington's total liabilities in 20217 Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest cent How much new long-term debt financing will be needed in 20227 CHinta AFN - New stock - New long-term debit) Write out your answer completely for example, 25 million should be entered as 25,000,000. Do not round Intermediate calculations. Round your answer to the nearest cont