The following balance sheet and income statement should be used: [Question) Hilltop, Inc. 2009 Income Statement Net Sales Less: Cost of Goods Sold Less: Depreciation Earnings Before interest and Taxes Less: Interest Paid Taxable income Less: Taxes Net Income Dividends Additions to retained earnings $38.900 31400 2.600 4,900 1.800 $3,100 1.150 $1.950 $390 $1560 D Cash Accounts rec Inventory Total Net fixed assets Total assets (Question)Hilltop, Inc. 2009 Balance Sheet $3,160 Accounts Payable 4.160 Long-term debt 6.480 Common stock $13,800 Retained earnings 29.400 $43.200 Total liabilities & equity $8,120 21,200 7.500 6380 $43,200 Hilltop, Inc. is currently operating at 75% of capacity. What is the required increase in fixed assets if sales are projected to increase by 30 percent? Multiple Choice $680 $0 $1,470 $1.840