Cash 2. Financial Statements of S M Textiles for 2021 are as SM Textiles Balance Sheet as of December 31, 2021 (in Sthousands) $6,000 Accounts payable Receivables 12.000 Accruals Inventories 18.000 Notes payable Current assets 36,000 Current liabilities Net fixed assets 24.000 Long term bond Common stock Retained earnings Total assets 60.000 Total liabilities & equity SM Textiles Income Statement for the year December 31, 2021 ( in Sthousands) Sales 560,000 Operating costs (36,000) Earnings before interest & taxes 24,000 Interest (6,000) Earnings before taxes 18.000 Taxes (30%) (5.400) Net Income 12.600 $6,000 6.000 18.000 30,000 12,000 12.000 6,000 60.000 The firm operated at full capacity in 2021. EPS Earnings per share) was $120 in 2021. The firm has no plans of issuing any new shares in 2022. It plans to give dividend of S7 per share in 2022. It expects sales to increase by 5% during 2022. Determine how much external financing will be required in 2022 assuming that all assets, spontaneous liabilities, and operating costs would increase by the same percentage as sales