Major Manuscripts, Inc. 2012 Income Statement Net sales S7.200 Cost of goods sold 6,350 Depreciation 170 Earnings before interest and 680 taxes Interest paid 36 Taxable income Is 644 Taxes 210 Net Income IS 434 Dividends IS 183 es Major Manuscripts, Inc 2012 Balance Sheet 2012 2012 Cash 2,280 Accounts payable 1,310 Accounts rec 820 Long-term debt Inventory 2.100 Common stock 2.400 Total SI5.200 Retained earnings 4.440 Net fixed assets 3.260 Total assets 8.450 Total liabilities & 8,460 310 equity Major Manuscripts, Inc. is currently operating at 80 percent of capacity. All costs and networking capital vary directly with sales. The tax rate the profit margin, and the dividend payout ratio will remain constant. How much additional debt is required if no new equity is raised and sales are projected to Increase by 10 percent? MacBook Air 30 DOS 000 e ww SV *2 3 $ 4 % 5 & 7 2 8 9 0 dolore