Universal Products Company has almost finished its pro forma financial statements for 2022, as shown next. Universal Products Company Financial Statements, 2021 and Pro Forma 2022 ($ thousands) INCOME STATEMENT Sales Cost of goods sold Operating expense Depreciation expense Interest expense Earnings before tax Tax Not income Actual 2021 Forecast 2822 $ 6,900 $ 7,300 5,400 5,500 700 700 250 260 98 88 460 760 161 $299 266 $ 404 Universal Products Company Financial Statements, 2021 and Pro Forma 2022 (S thousands) BALANCE SHEET Actual Forecast 2021 $3,600 2022 $ 3,850 Current assets Not food assets Total assets Current liabilities Long-term debt Owner's equity Total liabilities & equity 3,000 $ 6,600 $1,130 700 4,778 $ 6,600 $1,250 see a. Assume that Universal plans to purchase $600,000 in fixed assets during 2022 and to dispose of no fixed assets during 2022 What would be its forecast for net fixed assets in 2022? b. Assume that Universal plans to have a dividend payout ratio of 50 percent in 2022 and will neither sell nor repurchase equity during 2022. What would be its forecast for owner's equity in 2022? c. Given the assumptions in questions (a) and (b). what is Universal's projected external funding required for 2022? Answer is complete but not entirely correct. Not fixed assets in 2022 3.340 Owner's equity in 2022 5,017 External funding required for 2022 93,000