percent-of-sales method to answer the following question(s). Below is the 2022 year-end balance sheet for CPA, Inc. Sales for 2022 were PHP1,600,000 and are expected to be PHP2,000,000 during 2023. In addition, we know that CPA plans to pay PHP90,000 in 2023 dividends and expects a projected net income of 4% of sales. (For consistency with the answer selections provided, round your forecast percentages to two decimals.) CPA, Inc. Balance Sheet December 31, 2022 Assets Current assets Net fixed assets Total PHP890,000 1.000.000 PHP1.890.000 Liabilities and Owners' Equity Accounts payable Accrued expenses Notes payable Long-term debt Total liabilities Common stock (plus paid-in capital) 360,000 Retained earnings 270,000 630.000 Common equity Total 1,890,000 PHP160,000 100,000 700,000 300,000 1.260.000 Use the following information and the Required: 26. CPA Company's forecasted retained earnings for 2022 are? 27. CPA Company's projected discretionary financing needed (or AFN- additional funds needed) for 2022 is? 28. If CPA Company wants to have a total debt-to-total equity ratio of 60:40, respectively, what increase in common stock would you recommend?