Elton Corporation Income Statement for the year ending $12/31/$XX $($in thousands of dollars$)$ Net sales $$2,700$ Operating costs $(2,350)$ Depreciation $(150)$ Interest Expense $(70).130$ Income Tax $(25\%)(32\mathrm{.}50)$ Net Income $$97\mathrm{.}50$ Dividends to Common Stockholders $$58$ Elton Corporation Balance Sheet $12/31/$XX $($in thousands of dollars$)$ Assets Cash $$150$ Accounts Receivable $250$ Inventory $600$ Total Current Assets $$1,00012/31/$XX $($in thousands of dollars$)$ Assets Cash $$150$ Accounts Receivable $250$ Inventory $600$ Total Current Assets $$1,000$ Total Fixed Assets $1,500$ Total Assets $$2,500$ Liabilities and Equity Accounts Payable $$100$ Notes Payable $250$ Other Current Liabilities $50$ Total Current Liabilities $$400$ Long Term Debt $1,100$ Common Stock $800$ Retained Earnings $200$ Total Liab. & Equity $$2,500$ Number of shares outstanding $10,000$ shares Price per Share $$100$ Assume next year's net sales will be $$58,821,$ depreciation expense will be the same dollar amount, and operating costs will be the same percent of sales. Operating Income for next year is projected to be: O $$7,125$ O $$4,575$ O $$6,750$ O $$7,625$ Assume next year's total assets will remain the same percent of net sales. If net sales next year are projected to be $$103,680,$ what will be the amount of next year's total assets?" O $ $85,000$ O $ $96,000$ $$106,250$ O $ $97,500$ Assume next year's net income will be $$4,858$ and that dividends paid will remain the same dollar amount. Retained Earnings for next year are projected to be: O $$8,825$ O $$4,575$ O $$9,575$ O $$5,000$ Depreciation expense and interest expense as will notes payable, long term debt, common stock and dividends paid will remain the same dollar amount next year as this year. Fixed assets, current assets, accounts payable, other current liabilities, and operating costs will be the same percentage of sales next year as this year. If net sales next year are projected to be $$14,573$ next year, what will be the amount of additional funds needed? O $($$$1,500)$ O $$9,750$ O $$1,675$