At year-end 2021, Wallace Landscaping's total assets, all of which are used in operations, were $1.76 million, and its aceounts payable were \$465,000. Sales, which in 2021 were $2.9 milion; are expected to incresse by 35% in 2022. Total assets and accounts payable are proportional to sales, and that relationship will be maintained. Wallace typlcally uses no current lieblities other than accounts payable. Common stock amounted to $530,000 in 2021, and retained earnings were $285,000. Waliace ha arranged to sell s160,000 of new common stock in 2022 to meak some of its financing needs, The remainder of its financing needs will be met by issuing new long-term. debt at the end of 2022. (Beceuse the debt is added at the end of the year, there wilt be no additional interest expense due to the new debt.) Its net protit margin on sale is 0%, and 50% of earnings will be paid out as dividends. a. What was Wallace's total long-term debt in 2021 ? Do not round intarmediate caiculations. Enter your answer in dollars. For example, an answer of s2 million should be entered as 2,000,000. Round your answer to the nearest dollar. 5 What were Waliace's total liabllities in 2021? Do not round interm-diate calculations, Enter your answer in doliars. For example, an answer of s2 milion should be entered as 2,000,000. Round your answer to the nearest dollar. 1 b. How much new long-term debt firiancing wil be needed in 2022? (Hint: AFN - New itock in New long-term dete.) Do not round intermediate caleulationi, Enter your anower in doinrs. For example, an answer of 52 mililon should be entered as 2,000,000, Round your answer to the neareat dollar