ints 0155.58 The Manning Company has financial statements as shown next, which are representative of the company's historical average. The firm is expecting a 40 percent increase in sales next year, and management is concerned about the company's need for external funds The increase in sales is expected to be carried out without any expansion of fixed assets, but rather through more efficient asset utilization in the existing store. Among liabilities, only current liabilities vary directly with sales. Sales Expenses Income Statement Earnings before interest and taxes Interest Earnings before taxes Taxes Earnings after taxes ellook Hint Print References Dividends $270,000 203,400 $ 66,600 7,700 $ 58,900 15,700 $ 43,200 $ 17,280 Cash Balance Sheet Assets Liabilities and Stockholders' Equity $ 7,500 Accounts payable $ 29,000 71,000 Accrued wages 70,000 Accrued taxes $148,500 Current liabilities 1,850 4,250 $ 35,100 Accounts receivable Inventory Current assets Fixed assets 87,000 Notes payable) 7.700 Activate Windows