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

$20212022$

Sales $ $3,900$ $ $4,300$

Cost of goods sold $2,6003,300$

Operating expense $500600$

Depreciation expense $250260$

Interest expense $7060$

Earnings before tax $48080$

Tax $16828$

Net income $ $312$ $ $52$

Universal Products Company

Financial Statements, $2021$ and Pro Forma $2022($$ thousands$)$

BALANCE SHEET

Actual Forecast

$20212022$

Current assets $ $2,600$ $ $2,800$

Net $$xed assets $2,000$

Total assets $ $4,600$

Current liabilities $ $1,030$ $ $1,150$

Long$-$term debt $500500$

Owner$$s equity $3,070$

Total liabilities & equity $ $4,600$

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 owner$$s equity in $2022?$

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