Suppose Naboo Manufacturing's sales increase 20% over the next year. Assuming that all asset accounts change proportionately to sales and that new growth will be financed by equity, what will the company be paying out in dividends for 2020? Naboo Manufacturing 2019 Balance Sheet Cash 10,000 Accounts Payable 5,000 Inventories 15,000 Notes Payable 5,000 Accounts Receivable 5,000 Total Current Liabilities 10,000 Total Current Assets 30,000 Long-Term Debt 20,000 Net Fixed Assets 50,000 Common Stock 45,000 ($1 par) Retained Earnings 5,000 Total Equity 50,000 Total Assets 80,000 Total Liabilities+ Owner's Equity 80,000 Naboo Manufacturing 2019 Income Statement Sales COGS S, G&A EBIT 30,000 15,000 10,000 5,000 Interest 2,000 Earnings Before Tax 3,000 Taxes 1,200 Net income (Earnings After Tax) 1,800 Dividends 540 Retained Earnings 1,260