the Year Ended on December $31$AssetsLiabilitiesCurrent Assets:Cument Liabilities:Cash and equivalents$$150,000$Accounts payable$$250,000$Hocounts receiveble$400,000$Accrued liabilities$150,000$Inventories$350,000$Notes payable$100\mathrm{.}000$Total Current Assets$$900,000$Total Current Liabilities$$500,000$Net Fixed Assets:Long$-$Term Bonds$1,000,000$Net plant and equipment $($cost minus depreciation$)$$$2,100,000$Total Debt$$1,500,000$Common EquityCommon stock$800,000$Retained earnings$700,000$Total Common Equity$$1,500,000$Total Assets$$3\mathrm{.}000,000$ Total Liabilities and Equity $$3,000,000$The firm is currently in the process of forecasting sales, asset requirements, and required funding for the coming year. In the year that just ended, Fuzzy Button Clothing Company generated $$400,000$ net income on sales of $$14,000,000.$ The firm expects sales to increase by $15\%$ this coming yea and also expects to maintain its long$-$run dividend payout ratio of $40\%.$Suppose Fuzzy Button Clothing Company's assets are fully utilized, Use the additional funds needed $($AFN$)$ equation to determine the increase in total assets that is necessary to support Fuzzy Button Clothing Company's expected sales.$$ $$450,000$$$382,5005-05,000$$$<72,500$