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The Booth Company's sales are forecasted to double from $1,000 in 2015 to $2,000 in 2016. Here is the December 31, 2015, balance sheet: $

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The Booth Company's sales are forecasted to double from $1,000 in 2015 to $2,000 in 2016. Here is the December 31, 2015, balance sheet: $ 100 200 200 500 $ 50 150 50 400 100 250 $1000 Cash Accounts payable Notes payable Accruals Long-term debt Common stock Retained earnings Total liabilities and equity Accounts receivable Net fixed assets Total assets $1000 Booth's fixed assets were used to only 50% of capacity during 2015, but its current assets were at their proper levels in relation to sales. All assets except fixed assets must increase at the same rate as sales, and fixed assets would also have to increase at the same rate if the current excess capacity did not exist. Booth's after-tax profit margin is forecasted to be 396 and its payout ratio to be 30%, What is Booth's additional funds needed (AFN) for the coming year? Round your answer to the nearest dollar

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