The Optical Scam Company has forecast a sales growth of 25 percent for next year. The current financial statements are shown here:

Problem 3-13 External Funds Needed The Optical Scam Company has forecast a sales growth of 25 percent for next year. The current financial statements are shown here: Income Statement Sales $ 32,100,000 Costs 26,512,400 Taxable income Taxes $5,587,600 1,955,660 Net income $ 3,631,940 1,452,776 Dividends $ Addition to retained earnings 2,179,164 Assets Current assets $ 7,370,000 Balance Sheet Liabilities and Owners' Equity Accounts payable $ 7,383,000 Long-term debt 5,162,750 Fixed assets 18,952,000 Common stock Accumulated retained earnings $ 1,707,250 12,069,000 Total equity $ 13.776.250 26,322,000 Total assets $ Total liabilities and equity 26,322,000 $ a. Using the equation from the chapter, calculate the external financing needed for next year. (Do not round intermediate calculations and round your answer to the nearest whole dollar amount, e.g., 32.) External financing needed $ 120,375 b-1. Construct the firm's pro forma balance sheet for next year. (Do not round intermediate calculations and round your answers to the nearest whole dollar amount, e.g., 32.) Assets Current assets Fixed assets Balance Sheet Liabilities and equity Accounts payable Long-term debt Common stock Accumulated retained earnings Total equity Total liabilities and equity Total assets b-2. Calculate external financing needed. (Do not round intermediate calculations and round your answer to the nearest whole dollar amount, e.g., 32.) External financing needed c. Calculate the sustainable growth rate for the company based on the current financial statements. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Sustainable growth rate %