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(Use the following information to answer the next two questions.) The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes):

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(Use the following information to answer the next two questions.) The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes): Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $8,424. Last Year Income Statement: Sales Costs $7,200 $6,300 Net Income $900 Balance Sheet Assets $11,700 Debt Equity $5,100 $6,600 Total $11,700 Total $11,700 22. What will be the amount of total assets next year? 23. What is the external funding requirement for the next year

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