O. Falcon Enterprises had sales of $2 million in 20x1 and expects to generate sales of $22 million in 2002 . For 20x2, assume the net profit maryin witl ly 7 \% and the dividend payout ratio will be 45%. Assume the following figures for fiscal year ending 20xi: Cash $48,000,/2$206,000, Marketable Securities \$56,000, Inventory 5275.000 , A/P \$255,000, Notes Payable \$110,000, LT Debt \$574,000, PP\&E, \$750,000, Common Stock \$180,000, Retained Earnings \$216,000. Use the percent-ofsales method of financial forecasting and your understanding of spontaneous and ponspontancous accounts to determise the common stock and retained earnings balances for 20x2. A. Common Stock $180,00 : Retained Earnings $300,700 B. Common Stock $198,00, Retained Earnings $300,700 C. Common Stock $180,00, Retained Earnings $293,000 D. Common Stock $198,00; Retained Earnings $293,000 E. Common Stock $180,00; Retained Earnings $237,600