. Jackson Co. has the following balance sheet for the most recent year (as of December 31).

Assets: Claims:

Current assets $ 600,000 Accounts payable $ 100,000

Fixed assets 400,000 Accruals 100,000

Notes payable 100,000

Total current liabilities $ 300,000

Long-term debt 300,000

Total equity 400,000

Total assets $1,000,000 Total claims $1,000,000

During the most recent year, the company reported sales of $5 million and profit margin of 2%. The company anticipates its sales will increase 20 percent in the next year, the profit margin will stay the same, and its dividend payout will remain at 60 percent.

According to the AFN formula, what is additional funds needed (AFN)?

(If the answer is $123,000, then enter 123000 (dollars only) without dollar sign or comma.)