Universal Products Company has almost nished its pro forma nancial statements for 2022, as shown next.

Universal Products Company
Financial Statements, 2021 and Pro Forma 2022 ($ thousands)
INCOME STATEMENT
	Actual	Forecast
	2021	2022
Sales	$ 4,800	$ 5,200
Cost of goods sold	3,500	3,700
Operating expense	500	500
Depreciation expense	250	260
Interest expense	70	100
Earnings before tax	480	640
Tax	168	224
Net income	$ 312	$ 416

Universal Products Company
Financial Statements, 2021 and Pro Forma 2022 ($ thousands)
BALANCE SHEET
	Actual	Forecast
	2021	2022
Current assets	$ 2,900	$ 3,150
Net xed assets	2,000
Total assets	$ 4,900
Current liabilities	$ 1,060	$ 1,180
Long-term debt	600	500
Owners equity	3,240
Total liabilities & equity	$ 4,900

Assume that Universal plans to purchase $400,000 in xed assets during 2022 and to dispose of no xed assets during 2022. What would be its forecast for net xed assets in 2022?

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 owners equity in 2022?

Given the assumptions in questions (a) and (b), what is Universals projected external funding required for 2022?

Net xed assets in 2022 ?
Owners equity in 2022 ?
External funding required for 2022 ?