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

Smiley Corporation's current sales and partial balance sheet are shown below.

This year

Sales $ 10,000

Balance Sheet: Liabilities

Accounts payable $ 1,500

Notes payable $ 1,500

Accruals $ 2,000

Total current liabilities $ 5,000

Long-term bonds $ 2,000

Total liabilities $ 7,000

Common stock $ 1,000

Retained earnings $ 3,000

Total common equity $ 4,000

Total liabilities & equity $ 11,000

Sales are expected to grow by 14% 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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