Axtera Bina Bhd, is planning for a major sales increase of 30% in 2023. Sales in 2022 are RM30 000 000 and it is forecasted that next years sales will be at RM39 000 000. All assets and account payables are expected to increase with same percentage of the increase in sales. The net profit margin on sales for AxteraBina Bhd is 5% and 20% is expected to be distributed to the shareholders as dividend.

1. Develop a pro-forma Statement of Financial Position for 2023 and calculate the additional funds needed (AFN) for the company.
2. Calculate the AFN using the AFN formula.