Suppose that Gyp Sum Industries currently has the balance sheet shown below, and that sales for the year just ended were $$10\mathrm{.}2$ million. The firm also has a profit margin of $30$ percent, a retention ratio of $20$ percent, and expects sales of $$8\mathrm{.}2$ million next year.

$\backslash$table$[[,$Assets Liabilities and Equity,,$],[$Current assets,$2,124,000,$Current liabilities,$$1,707,480$