In 2019, your firm reported $12,000,000 in sales. The firm hopes to increase sales by 10% in 2020. The firm has a 7% profit margin, and the firm normally pays out 35% of its net income as dividends. The firm has $6,000,000 in total assets on its balance sheet, and the firm also has $4,000,000 in long-term debt. The firm has $750,000 in accounts payable, and no accruals. What additional funds, if any, does the firm need to finance the sales expansion? Firms can do two things with net income. What are those two things? O Increase management pay and retain earnings O Pay dividends and increase management pay O Pay dividends and pay taxes O None of the above