The balance sheet of King Ltd. appears below: King Ltd. Balance Sheet December 31, 2021 In 2021, King Ltd. had total sales of $120 million. The company's net profit for 2021 was $12 million and $6 million was paid out as dividends. The company is currently operating below full capacity and is considering a 50% increase in sales during 2022. Required: a) Advise King Ltd, on the amount of the new funding that would be required in order to achieve the 50% increase in sales durinn a May 16 marliel In 2021, King Ltd. had total sales of $120 million. The company's net profit for 2021 was $12 million and $6 millon was paid out as dividends. The company is currently operating below full capacity and is considering a 50% increase in sales during 2022. Required: a) Advise King Ltd, on the amount of the new funding that would be required in order to achieve the 50% increase in sales during 2022, (6 marks) b) Assuming that the company is able to raise these funds by way of a bond issue, prepare the forecast baiance sheet for the year ended December 31,2022 . (8 marks) c) Advise King Ltd. on two alternatives available to the company in the event that they are not able to raise all the funds required by way of a bond issue. ( 2 marks)