Smith Machines Inc. has a net income this year of $500 on sales of $2,000 and is operating its fixed assets at full capacity. Management expects sales to increase by 25% next year and is forecasting a dividend payout ratio of 30%. The profit margin is not expected to change. If spontaneous liabilities are $500 this year and no excess funds are expected next year, using the AFN equation what are Smith's total assets this year? O a. $1,000 O b. $1,500 O c. $2,250 O d. $3,000 O e. $3,500