Here's the work I did in excel. my numbers aren't working for B & C.

Sales	2601.5
Costs	-1560.9
Interest	-34
Pre-tax profit	1006.6
Tax	-402.64
Net Income	603.96
Less: Dividend paid @50% of net income	-301.98
Net income available to shareholders	301.98
Assets	5060	Debt	680
		Equity	3720
		Net income	301.98
		New equity to be issued	358.02
Total	5060		5060

The following tables summarizes the 2019 income statement and end-year balance sheet of Drake's Bowling Alleys. Drake's financial manager forecasts a 10% increase in sales and costs in 2020. The ratio of sales to average assets is expected to remain at 0.55. Interest is forecasted at 5% of debt at the start of the year. Sales Costs Interest Pretax profit Tax Net income INCOME STATEMENT, 2019 (Figures in $ thousands) $ 2,365 (55% of average assets) 1,419 (60% of sales) 34 (5% of debt at start of year) $ 912 365 (40% of pretax profit) 547 $ a Assets at the end of 2018 were $4,200,000. b Debt at the end of 2018 was $680,000. Assets BALANCE SHEET, YEAR-END (Figures in $ thousands) $ 4,400 Debt Equity $ 4,400 $ 680 3,720 $4,400 Total a. What is the implied level of assets at the end of 2020? (Do not round your intermediate calculations. Enter your answer in thousands.) b. If the company pays out 50% of net income as dividends, how much cash will Drake's need to raise in the capital markets in 2020? (Do not round your intermediate calculations. Enter your answer in thousands.) c. If Drake's is unwilling to make an equity issue, what will be the debt ratio at the end of 2020? (Do not round your intermediate calculations. Round your answer to 2 decimal places.) $ 5,060 a. Implied level of assets b. Additional cash Debt ratio C