Diamond Co. has the following balance sheet for the most recent year las of December 31). During the most recent year, the company reported sales of $5 million, net income of $200,000, and dividends of $100,000. The company anticipates its sales will increase 20 percent in the next year and its dividend payout will remain at 50 percent. Assume the company is at full capacity, so its assets and spontaneous liabilities will increase proportionately with an increase in sales. The profit margin will remain the same between the two years. During the most recent year, the company reported sales of $5 million, net income of $200,000, and dividends of $100,000. The company anticipates its sales will increase 20 percent in the next year and its dividend payout will remain at 50 percent. Assume the company is at full capacity, so its assets and spontaneous liabilities will increase proportionately with an increase in sales. The profit margin will remain the same between the two years. Assume the company uses the AFN formula and all additional funds needed (AFN) will come from issuing new long-term debt.. Given its forecast, provide the following amounts from the AFN formula. 1) Required increase in assets 2) Increase in spontaneous liabilities