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Smiley Corporation's current sales and partial balance sheet are shown below. Sales $ 10,000 Balance Sheet: Liabilities Accounts payable $ 1,500 Notes payable $ 3,000

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

Sales $ 10,000

Balance Sheet: Liabilities

Accounts payable $ 1,500

Notes payable $ 3,000

Accruals $ 1,000

Total current liabilities $ 5,500

Long-term bonds $ 2,000

Total liabilities $ 7,500

Common stock $ 1,500

Retained earnings $ 2,500

Total common equity $ 4,000

Total liabilities & equity $ 11,500

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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