At year-end 2021, Wallace Landscaping's total assets, all of which are used in operations, were $1.32 million, and its accounts payable were $420,000. Sales, were $265,000. Wallace has arranged to sell $100,000 of new common stock in 2022 to meet some of its financing needs. The remainder of its financing due to the new debt.) Its net profit margin on sales is 5%, and 55% of earnings will be paid out as dividends. a. What was Wallace's total long-term debt in 2021? Do not round intermediate calculations. Enter your answer in dollars. For exam an $2 million should be entered as 2,000,000. Round your answer to the nearest dollar. $ What were Wallace's total liabilities in 2021? Do not round intermediate calculations. Enter your answer in dollars. For examer $2 million should be entered as 2,000,000. Round your answer to the nearest dollar. $ b. How much new long-term debt financing will be needed in 2022? (Hint: AFN - New stock = New long-term debt.) Do not round intermediate calculations. Enter your answer in dollars. For example, an answer of $2 million should be entered as 2,000,000. Round your answer to the nearest doll $