NEED ASAP PLZ!

A firm had the following balance sheet last year:

Cash	$800	Accounts payable	$350
Accounts receivable	450	Accrued wages	150
Inventory	950	Notes payable	2,000
Net fixed assets	34,000	Mortgage	26,500
		Common stock	3,200
	_______	Retained earnings	4,000
Total assets	$36,200	Total liabilities and equity	$36,200

Sales to triple from $10,000 to $30,000, increasing net income to $1,000. No additional fixed assets will be needed. The firm pays a 20% dividend. (1) Will any outside capital be needed? (2) If so, how much?

Select one:

A.

Yes; $9,700

B.

Yes; $2,600

C.

Yes; $2,900

D.

No; there will be a $2,400 surplus.

E.

Yes; $3,200