Fuzzy Button Clothing Company Balance Sheet For the Year Ended on December 31 The firm is currently in the process of forecasting sales, asset requirements, and required funding for the coming year. In the year that just ended, Fuzzy Button Clothing Company generated $500,000 net income on sales of $13,000,000. The firm expects sales to increase by 17% this coming year and aiso expects to maintain its long-run dividend payout ratio of 45% : Suppose Fuxzy Button Clothing Company's assets are fully utilized. Use the additional funds needed (AFN) equation to determine the increase in total assets that is necessary to support Fuzzy Button Clothing Company's expected sales. $510,000$408,000 Suppose Furzy Button Clothing Company's assets are fully utilized. Use the additional funds needed (AFN) equation to determine the increase in total assets that is necessary to support Fuzry Button Clothing Company's expected sales. $510,000$408,000$512,000$561,000 When a firm grows, some liablities grow spontaneousty along with sales. Spontaneous liaboities are a source of capital that the firm will generate. internally, so they reduce the need for external capital. How much of the total increase in assets will be supplied by spontaneous liabilities for Fuzzy Button Clothing Company this year? $74,800$81,600$68,000$54,400 In additon, Furry Button Clothing Company is expected to generate net income this year The firm will pay out some of its eamings as dividends but. will retain the rest for future asset investment. Again, the more a firm generates internally from its openations, the less it will have to rabe extemaliy from the copital markets. Assume that the firm's profit margin and dividend payout ratio are expected to remain constant. Given the preceding information, Fuzzy Button Clothing Company is expected to generate from operations that will be added to retained earnings. According to the AFN equation and projections for furry Button Clothing Company, the firm: AFN is