Income Statement Balance Sheet Sales $ 20,000 Assets $10,000 Debt $ 4,000 Costs $ 16,000 Equity $ 6,000 Taxable Income $ 4,000 Total $ 10,000 Total $ 10,000 Taxes (35%) $ 1,400 Net Income $ 2,600 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,000 was paid, and the company wishes to maintain a constant payout ratio. The projected next year