$($Financial forecasting$-$discretionary financing needs$)$ J$.$ T$.$ Jarmon, Inc. has been in business for only $1$ year, and the CFO expects that the relationship between firm sales and its operating expenses, current assets, net fixed assets, and current liabilities will remain at their current proportion of sales.

Last year, Jarmon had $$18,400,000$ in sales and net income of $$552,000.$ The firm anticipates that next year's sales will reach $$21,160,000,$ with net income rising to $$634,800.$ Given its present high rate of growth, the firm retains all its earnings to help defray the cost of new investments.

The firm's balance sheet for $2018$ is found in the popup window: $.$ Using the information provided, make an estimate of Jarmon's financing requirements or total assets for $2019$ and its discretionary financing needs $($DFN$).$

What are Jarmon's financing requirements or total assets for $2019?$

$ $($Round to the nearest dollar.$)$

What are Jarmon's discretionary financing needs $($DFN$)$ for $2019?$

$

$($Round to the nearest dollar.$)$

Data table

J$.$ T$.$ Jarmon, Inc.

$\backslash$table$[[,$BALANCE SHEET,$],[$Current assets,$\frac{12}{31}\frac{?}{2018},\%$ OF SALES$],[$Net fixed assets,$$2,760,000,15\%$