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Smiley Corporation's current sales and partial balance sheet are shown below. This year Sales $10,000 Balance Sheet: Liabilities $1,500 Accounts payable Notes payable $1,500 2,000

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Smiley Corporation's current sales and partial balance sheet are shown below. This year Sales $10,000 Balance Sheet: Liabilities $1,500 Accounts payable Notes payable $1,500 2,000 Accruals 5,000 Total current liabilities Long-term bonds 2,000 $ 7,000 Total liabilities $2,000 Common stock Retained earnings 2,000 $ 4,000 Total common equity Total liabilities & equity $11,000 Sales are expected to grow by 12% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? Do not round intermediate calculations. Round your answer to the nearest dollar

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