In 2019, sales were $92,000, net income was $5,000, and dividends were $0. Sales will increase 50% in 2020. Assume the companys current assets and spontaneous liabilities are at full capacity, so both will increase proportionately with an increase in sales. The companys fixed assets are at 65% of capacity. How much are total assets expected to increase in 2020?

options:

	$1,600
	$9,136
	$5,700
	$960

Barbara's Bakery Ltd. has the following balance sheet as of December 31, 2019. Current assets $800 Accounts payable $350 Accounts Receivable 450 Accrued wages 150 Inventories 1,950 Notes payable 2,000 Mortgage 26,500 Net Fixed assets 53,000 Common stock 13,200 Retained Earnings 14,000 Total assets $56,200 Total liabilities and equity $56,200 Barbara's Bakery Ltd. has the following balance sheet as of December 31, 2019. Current assets $800 Accounts payable $350 Accounts Receivable 450 Accrued wages 150 Inventories 1,950 Notes payable 2,000 Mortgage 26,500 Net Fixed assets 53,000 Common stock 13,200 Retained Earnings 14,000 Total assets $56,200 Total liabilities and equity $56,200