SLM, Inc., with sales of $800, has the following balance sheet: SLM, Incorporated Balance Sheet as of 12/31/X0 Assets Accounts receivable Inventory Plant $ 200 280 Liabilities and Equity Trade accounts payable Long-term debt $ 120 580 600 Equity 380 $1,080 $1,080 It earns 12 percent on sales (after taxes) and pays no dividends. Round your answers to the nearest dollar. a. Determine the balance sheet entries for sales of $1,500 using the percent of sales method of forecasting. Accounts receivable: $ Inventory: $ Trade accounts payable: $ b. Will the firm need external financing to grow to sales of $1,500? If Yes, calculate the amount of external funding required, if No, enter zero. -Select- , the amount of the external funds needed is $ c. Construct the new balance sheet and use newly issued long-term debt to cover a financial deficiency, if any. SLM, Incorporated Balance Sheet as of 12/31/X1 Assets Accounts receivable Inventory Plant Liabilities and Equity $ Trade accounts payable Long-term debt $ Equity $