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Use the following information to answer the following question. Statement of income For the year Sales $28,400 cost of goods sold 21,200 Depreciation 2,700 Earnings

Use the following information to answer the following question.

Statement of income
For the year
Sales$28,400
cost of goods sold21,200
Depreciation2,700
Earnings before interest and taxes$ 4,500
interested payment850
taxable income$ 3,650
Taxes1,400
Net Income$ 2,250
Dividends $900

Balance sheet
End of the year
Money$ 550
accounts receivable2,450
Inventory4,700
Total current assets$ 7,700
net fixed assets16,900
total assets$24,600
Accounts payable$ 2,700
long term debt9,800
Common Stock ($1 par value)8,000
Retained earnings4,100
Full Responsibility & Equity$24,600

Assume that this business is currently operating at 98 percent capacity and that sales are projected to increase to $35,000. 

What is the projected addition to fixed assets?

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