BBP, Inc., with sales of $600,000, has the following balance sheet:

BBP, Incorporated Balance Sheet as of 12/31/X0
Assets				Liabilities and Equity
Cash	$	24,000		Accounts payable	$	12,000
Accounts receivable		60,000		Accruals		18,000
Inventory		84,000		Notes payable		30,000
Current assets		168,000		Current liabilities		60,000
Fixed assets		220,000		Common stock		100,000
				Retained earnings		228,000
Total assets	$	388,000		Total liabilities and equity	$	388,000

The firm earns 15 percent on sales and distributes 30 percent of its earnings. Using the percent of sales, determine whether the firm will need external funds and forecast the new balance sheet for sales of $720,000 assuming that cash changes with sales and that the firm is not operating at capacity. Use newly issued short-term debt to cover any needs for additional finance. If the firm has excess funds, add them to cash. Round your answers to the nearest dollar. Enter your answers as positive values.

The firm -Select-will need externalwill have excessItem 1 funds of $ .

BBP, Incorporated Balance Sheet as of 12/31/X1
Assets				Liabilities and Equity
Cash	$			Accounts payable	$
Accounts receivable				Accruals
Inventory				Notes payable
Current assets				Current liabilities
Fixed assets				Common stock
				Retained earnings
Total assets	$			Total liabilities and equity	$

Would your answers be different if the firm distributed all of its earnings? Round your answers to the nearest dollar. Enter your answer as a positive value.

If management distributed all the firm's earnings, it -Select-will need externalwill have excessItem 16 funds of $ .