This question will be sent to your instructor for grading Balance Sheet as at December 31, 20X5 Assets Cash Accts Rec Inventory Current Assets Fixed assets (non spontaneous) $15,500 90,000 60.000 165,500 60.000 Liobilities Accounts Payable Notes Payable Accrued Expenses Current Liabilities Common stock $ 90,000 30,000 2500 127,500 75,500 Total Assets Retained earnings Total Liabilities SH Equity 22.500 $225.500 $225.500 Sales for 20X5 were $500,000. Sales for 20X6 have been projected to increase by 10%. Assume that Marbell Inc. is operating below capacity. Notes Payable will be used for any new funding requirment, any funding surplus would reduce Notes Payable, and Maitsell has an 8% return on sales and 80% of net income is paid out as dividends. Does the Required New Funding formula suggests Marbell will require new funds to finance this growth or does it suggest that Marbell will have a surplus funding How much? (Be sure to list what you are using for AL.PD. S1 S2 and the change in sales:) Short Todibang BIS