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This past year, 3367 Trailer Industries had sales of $590,000, and this year they expect sales to increase to $680,000. Their net income was $110,000,

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This past year, 3367 Trailer Industries had sales of $590,000, and this year they expect sales to increase to $680,000. Their net income was $110,000, and they expect it to increase to $125,000. They paid S110,000 in dividends last year, and expect to pay the same amount next year. For assets, the company has plenty of excess capacity to support the growth. Here are a few selected numbers from 3367 Trailer Industrics' previous balance sheet: Accounts payable: $55,000 Accrued Wages: $15,000 Retained Earnings: $225,000 Total Current Liabilities: $118,000 Common Stock:$487,000 Non-Current Liabilities: $110,000 Current Assets: $240,000 Non-Current Assets: $700,000 1 By what percentage did 3367 Trailer Industries' sales increase? 2 How much new assets will 3367 Trailer Industries' need to support their growth (in S)? 3 How much does 3367 Trailer Industries expect their internal financing to be this year (in S)? 4 By how much does 3367 Trailer Industries expect their spontaneous financing to increase this year (in S)

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