You are given the following income statement and balance sheet: Now make the following forecast and assumptions for the upcoming year: Sales are expected to increase by $5,600 over the coming year. All assets and accounts payable can be expressed as a percentage of sales. The firm's profit margin will remain at 3.2 percent. The firm has a dividend payout rate of 75 percent. Using the equation method, determine the additional funds needed for the coming year. Sales are expected to increase by $5 All assets and accounts payable can The firm's profit margin will remain The firm has a dividend payout rate Using the equation method, determine $2,449 $2,311 $2,357 $2,403 $2,494