Consider the following financial statements for Industrial Supply Company.

$($Actual$)$

December $31,$

$\backslash$table$[[$Balance sheet,$\backslash$table$[[$December $31,],[$Year $1]],$Comments$],[$Assets$],[$Cash$,450,000,20\%$ increase $($assumption$)],[$Accounts receivable,$1,800,000,20\%$ increase $($assumption$)],[$Inventories$,3,450,000,20\%$ increase $($assumption$)],[$Total current assets,$$5,700,000,],[$Fixed assets, net,$$1,300,000,$No increase $($assumption$)],[$Total assets $(A),$$$7,000,000,],[$Liabilities and Equity$],[$Accounts payable $($CL$),$$$1,300,000,20\%$ increase $($assumption$)],[$Notes payable,$1,000,000,],[$Total current liabilities,$$2,300,000,],[$Long$-$term debt,$500,000,$No change $($assumption$)],[$Stockholders$\text{'}$ equity,$4,200,000,],[$Total liabilities and equity,$$7,000,000,],[$Income Statement,Year $1,],[$Sales $($S$),$$$14,700,000,20\%$ increase $($forecasted$)],[$Expenses$,$ including interest & taxes,$14,000,000,],[$Earnings after taxes $($EAT$),$$$700,000,]]$

$\backslash$table$[[$Income Statement,Year $1,],[$Sales $($S$),$$$14,700,000,20\%$ increase $($forecasted$)],[$Expenses$,$ including interest & taxes,$14,000,000,],[$Earnings after taxes $($EAT$),$$$700,000,],[$Dividends paid $($D$),250,000,$No change $($assumption$)],[$Retained earnings,$$450,{000}_{?}$