Pro forma income statement: Sales $21,836 Costs 17,464 Net income $4,366 Taxes 1,441 Net income $2,925 Pro forma balance sheet: Assets $105,622 Debt Equity Total $19,580 71,685 $91,265 Total $105,622 Hazzard industries is expected to increase sales from $18,500 to $21,830 for the coming year. Dividends of $992 were paid last year. What action (if any) does the firm need to take? The firm pays out surpluses as special dividends and uses a short- term line of credit (LOC) to fund capital shortfalls. The included pro forma statement was created: a) The firm needs to pay a special dividend of $14,357 Ob) The firm does not need to take any action. c) The firm should issue new equity in the amount of $14,357. d) The firm needs to increase assets by $14,357. e) The firm needs to borrow additional funds (increase their LOC) in the amount of $14,357