The following tables summarize the $2022$ income statement and end$-$year balance sheet of Drake's Bowling

Alleys. Drake's financial manager forecasts a $20\%$ increase in sales and costs in $2023.$ The ratio of sales to

average assets is expected to remain at $0\mathrm{.}50.$ Interest is forecasted at $4\%$ of debt at the start of the year.

assets at the end of $2021$ were $$2,500,000.$

$b$ Debt at the end of $2021$ was $$510,000.$

a$.$ What is the implied level of assets at the end of $2023?$

Note: Round your intermediate calculations to the nearest whole dollar amount. Enter your answer in

thousands.

b$.$ If the company pays out $50\%$ of net income as dividends, how much cash will Drake's need to raise in the

capital markets in $2023?$

Note: Round your intermediate calculations to the nearest whole dollar amount. Enter your answer in

thousands.

c$.$ If Drake's is unwilling to make an equity issue, what will be the debt ratio at the end of $2023?$

Note: Round your intermediate calculations to the nearest whole dollar amount. Round your answer to $2$

decimal places.