Stevens Textile's 2012 financial statements are shown below: Suppose 2013 sales are projected to increase by 20% over 2012 sales. Use the forecasted financial statement method to forecast a balance sheet and income statement for December 31, 2013. The interest rate on all debt is 10%. and cash earns no interest income. Assume that all additional debt is added at the end of the year, which means that you should base the forecasted interest expense on the balance of debt at the beginning of the year. Use the forecasted income statement to determine the addition to retained. Assume that the company was operating at full capacity in 2012, that it cannot sell off any of its fixed assets, and that any required financing will be borrowed as notes payable. Also, assume that assets, spontaneous liabilities, and operating costs were expected to increase by the same percentage as sales. Determine the additional funds needed. Round your answers to the nearest dollar. Do not round intermediate calculations. Total assets $ AFN $ What is the resulting total forecasted number of notes payable? Round your answer to the nearest dollar. Do not round intermediate calculations. Notes payable $ In your answers to Parts a and b, you should net have changed any interest on the additional debt added during 2013 because It was assumed that the now debt was added at the end of the year. But now suppose that the new debt is added throughout the year. Don't do any calculations, but how would this change the answers to parts a and b? If debt is added throughout the year rather than only at the end of the year, interest expense will be than in the projection of part a. This would cause net income to be, the addition to retained earring's to be, and the AFN to be