BuckleUps 2020 financial statements are shown below: Income Statement for the year ended December 31, 2020 (Thousands of Dollars) & Balance Sheet as of December 31, 2020 (Thousands of Dollars) Income Statement 2020 Sales $36,000 Operating costs 32,440 EBIT $ 3,560 Interest 460 EBT $ 3,100 Taxes (40%) 1,240 Net income $ 1,860 a. Suppose 2021 sales are projected to increase by 15% over 2020 sales. Use the forecasted financial statement method to forecast a balance sheet and income statement for December 31, 2021. The company has a 45% dividend payout ratio policy. The interest rate on all debt is 10%, and cash earns no interest income. [10 marks] b. Assume that the company was operating at full capacity in 2020, that it cannot sell off any of its fixed assets, and that any required financing will be borrowed as notes payable. Determine the additional funds needed. Round your answers to the nearest dollar. Do not round intermediate calculations. [5 marks]