The Optical Scam Company has forecast a sales growth rate of 25 percent for next year. Current assets, fixed assets, and short-term debt are proportional to sales. The current financial statements are shown here: INCOME STATEMENT 31,300,000 $ Sales 25,856,500 Costs Taxable income Taxes $ 5,443,500 1,905,225 Net income $ 3,538,275 $ 1,415,310 Dividends Addition to retained earnings 2,122,965 BALANCE SHEET Assets Liabilities and Equity Current $ 7,290,000 Short-term debt $ 6,886,000 assets Long-term debt 4,382,000 Fixed assets 19,002,000 $ 3,788,000 Common stock Accumulated retained earnings 11,236,000 Total equity $ 15,024,000 26,292,000 Total assets $ Total liabilities and equity 26,292,000 $ a. Calculate the external funds needed for next year using the equation from the chapter. (Do not round intermediate calculations.) External financing needed b- Prepare the firm's pro forma balance sheet for next year. (Do not round intermediate 1. calculations.) Assets Current assets Fixed assets BALANCE SHEET Liabilities and equity Short-term debt Long-term debt Common stock Accumulated retained earnings Total equity Total liabilities and equity Total assets Calculate the external funds needed. (Do not round intermediate calculations.) 2. 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.) b-2. External financing needed Sustainable growth rate C. %