Sarlsbsd Corporation's sales are expected to increase from $5 milion in 2021 to $6 million in 2022, or by 20% Cartsbad is at full capacity, so its assets must grow in proportion to projected sales. At the end of 2021 , current liabilities are $1 million, consisting of $250,000 If accounts payable, $500,000 of notes payable, and 5250,000 of accrued labilities. Its profit margin is forecasted to be 3%. a. Assume that the company pays no dividends, Use the AFN equation to forecast the additional funds Carisbad will need for the coming year. Write out your ancwer comaletely. For example, 5 miltion should be entered as 5,000,000, Round your answer to the nearest doliat. b. Why is this AFN different from the one when the company pays dividends? 1. Under this scenarlo the company would have a higher level of spontaneous liabilities, which would reduce the amount of additional funds needed. II. Under this scenario the company would have a lower level of retained earnings, which would increase the amount of additional funds needed. 1II. Under this scenario the company would have a lower level of retained earnings, which would decrease the amount of additional funds needed. IV. Under this scenano the company would have a higher level of retained eamings, which would reduce the amount of additional funds needed. V, Under this scenanio the company would have a higher level of retained earnings, which would reduce the amount of assets needed