Below is the 2021 year-end balance sheet for the Northern Kingdom (NK), Inc.: Northern Kingdom (NK), Inc. Balance Sheet (in PHP) December 31,2021 Assets Liablities and 5 tockholders' Equify Sales for 2021 were PHP 1,600.000 and are expected to be PHP 2.000.000 during 2022. In addition. NK plans to pay dividends of PHP 90.000 in 2022 and expects a projected net income of 4is of sales. Using the percent ot-saies method, what is NK's projected current assets for 2022? PHP. 1000,000 pin1.112.500 PHP 1,200,000 HP. 1.500.000 Below is the 2021 year-end balance sheet for the Northern Kingdom (NK), Inc.: Northern Kingdom (NK), Inc. Balance Sheet (in PHP) December 31, 2021 Assets Lablitities and Stockholders: Equity Sales for 2021 were PHP 1.600,000 and are expected to be PHP 2.000,000 during 2022, In addition, NK plans to pay dividends of PHP . 90,000 in 2022 and expects a projected net income of 4% of sales. What is NK's projected retained earnings for 2022 ? pHP 260000 PHP 280000 Pu6 340.000: PHig 350.000 Givent Current assets = PHP 355,000; Long term assets = PHP 605, 500 , Retained earnings, end = PHP 155,000 : Common stock = PHP 425,000 : Paid-in capital = PHP 124,000. Total labusties = PHP 250,000. How much discretionary financing is needed? Pht9 1.350 PHPS.000 pHP 6000 PHP 6,500 Question 56 Given: Cash flows for Project H are C0= PHP 1,000: C1 PHP 600; C2= PHP 400 and C3= PHP 1,500. Calculate the payback period. One year Two years Three vears Fouryeas Given: Cash flows for Project H are C0= PHP 1,000, C1= PHP 600; C2 - PHP 400 ; and C3= PHP 1,500. Calculate the payback period. Onevear Two veark Three years Four years