Information on the Crum Company: 1 2001 1st pass Sales Operating costs 2000 $1,000.00 800.00 Factor x15 x1.5 EBIT Interest $ 200.00 16.00 EBT Taxes (40%) $ 184.00 73.60 Net Income Dividends (60%) $ 110.40 66.24 Addition to RE $ 44.16 Current Assets Net fixed Assets x1.5 $ 700.00 300.00 Total assets $1.000.00 Accounts Payable Notes Payable Common stock Retained earnings $ 150,00 200.00 150.00 500.00 Total Liab & Equity $1.000.00 Accounts Payable Notes Payable Common stock Retained earnings $ 150.00 200.00 150.00 500.00 Total Liab & Equity $1.000.00 Refer to Crum Company's financial statements above. Crum expects sales to grow by 50% in 2001, and operating costs should increase at the same rate (50%). Fixed assets and Notes Payable will stay the same. Current assets should increase at the same rate as sales during 2001 (increase at 50%). The company plans to finance any external funds needed as 40% notes payable and 60% accounts payable. There is no need to consider financing feedbacks. a Prepare the 2001 1* Pass by printing and filling the above financial statements b. Calculate the Additional Funds Needed (AFN) (40% notes payable and 60% accounts payable)