Q5) van Auken lumbers 2010 financial statements are shown below Van auken lumber balance sheet as of December 31,2010.(Thousands of Dollars) Cash Accaunts receivables Inventories $ 1,800 10,800 12,600 Accounts payable Notes payable Accruals $7,200 3,472 2.520 Total current assets Net fixed assets $25,200 21,600 Total current liabilities Mortgagebonds Commonstock Retained earning $13,192 5,000 2,000 26,608 Total assets $ 46,800 Total liabilities &oweners equity 46,800 a) Assume that the company was operating at afull capacity in 2010 with regard to all items except fixed assets which in 2010 were being utilized to only 75% of capacity b) Now suppose that 2011 sales in crease by 25% over 2010 sales. sales for 2010 wrer S36 million and net income for the year was$ 2,700000 van Auken lumber paid dividends of $1,620000 to common stock holders Required 1)what is van Aukens external funds required (EFR) for the coming year 2)use the fore casted financial statement method toforecast van aukens balance sheet for December 31,2011 Assume that all additional external found is raised as in notes payable and All assets except fixed assets must increase at the same rate as sales