The following tables summarize the 2022 income statement and year-end balance sheet of Planner's Peanuts. Peanut's financial manager forecasts a 10% increase in sales and costs in 2023 . The ratio of sales to average assets is expected to remain at .40. Interest is forecasted at 5% of debt at the start of the year. =a Assets at the end of 2021 were $4,800,000. b Debt at the end of 2021 was $1,000,000 BALANCE SHEET, YEAR-END 2022 a. What is the implied level of assets at the end of 2023 ? 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 ? c. If Drake's is unwilling to make an equity issue, what will be the debt ratio at the end of 2023