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Beasley Industries' sales are expected to increase from $4 million in 2013 to $5 million in 2014, or by 25%. Its assets totaled $3 million

Beasley Industries' sales are expected to increase from $4 million in 2013 to $5 million in 2014, or by 25%. Its assets totaled $3 million at the end of 2013. Beasley is at full capacity, so its assets must grow in proportion to projected sales. At the end of 2013, current liabilities are $720,000, consisting of $140,000 of accounts payable, $350,000 of notes payable, and $230,000 of accrued liabilities. Its profit margin is forecasted to be 4%, and its dividend payout ratio is 50%.

Using the AFN equation, forecast the additional funds Beasley will need for the coming year. Round your answer to the nearest dollar. Do not round intermediate calculations. $

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