For the following company, total sales in 2014 were $100,000 resulting in a net income of $10,000. Sales are expected to grow by 20% in 2015; all income statement items move spontaneously with sales. If the dividend payout ratio is 10% of net income, calculate common equity for 2015.

Total Assets	$75,000
Accounts Payable	$3,000
Notes Payable	5,000
Long term debt	20,000
Common stock	25,000
Retained earnings	22,000
Total Liabilities and Equity	$75,000