Please answer all parts of question. Chegg has other answers that are incomplete. Please dont just copy the other answers as i already posted it and got incomplete answers.

You have available the most recent Income Statement and the Balance Sheet as of the fiscal year end for Anthony & Co.; all dollar amounts are in thousands. Note that: -Anthony's long-term debt is being reduced at the rate of $20 per year; -Anthony's has no plans to expand its property: -Anthony's sales for next year are forecast to be $5,000; and, -Anthony's tax rate is 20%. Income Statement Sales Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Net Income Before Taxes Provision for Taxes Net Income $4,000 3.000 $1,000 800 40 $ 160 32 128 Balance Sheet Cash Accounts Receivable Inventory Current Assets Property Total Assets Notes Payable, Bank Accounts Payable Long-Term Debt, Current Current Liabilities Long-Term Debt Total Liabilities Net Worth Total Liabilities & Net Worth $ 80 400 600 1,080 200 $1.280 240 360 20 620 260 $780 500 $2.280 1. Use the percent of sales approach to estimate the amount of external financing Anthony & Co. will need next year. 2. Use the cash cycle approach to estimate the amount of external funding Anthony & Co. will need next year. 3. Why are these two estimates different