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 $ $3,300$ $ $3,800$

Cost of goods sold $2,2002,800$

Operating expense $500600$

Depreciation expense $250260$

Interest expense $5060$

Earnings before tax $30080$

Tax $10528$

Net income $ $195$ $ $52$

Universal Products Company

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

BALANCE SHEET

Actual Forecast

$20212022$

Current assets $ $2,400$ $ $2,600$

Net $$xed assets $2,000$

Total assets $ $4,400$

Current liabilities $ $1,010$ $ $1,130$

Long$-$term debt $500500$

Owner$$s equity $2,890$

Total liabilities & equity $ $4,400$

Assume that Universal plans to purchase $$500,000$ in $$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 $2022?$

Net fixed asset in $2022........$ Owner's equity in $2022......$ External funding required for $2022$