You have available the most recent Income Statement and the Balance Sheet as of the fiscal year end for Anthony & Co.; all dollar amounts are in thousands. Note that: -Anthony's long-term debt is being reduced at the rate of $20 per year; and, -Anthony's has no plans to expand its property; -Anthony's sales for next year are forecast to be $5,000; -Anthony's tax rate is 20%. Income Statement Sales $4,000 Cost of Goods Sold Gross Profit 3,000 $1,000 Operating Expenses 800 Interest Expense 40 Net Income Before Taxes $ 160 Provision for Taxes 32 Net Income $ 128 Balance Sheet Cash $ 80 Accounts Receivable 400 Inventory 600 Current Assets 1,080 Property 200 Total Assets $1,280 Notes Payable, Bank 240 Accounts Payable 360 Long-Term Debt, Current 20 Current Liabilities 620 Long-Term Debt 160 Total Liabilities $780 Net Worth 500 Total Liabilities & Net Worth $1,280 1. Use the percent of sales approach to estimate the amount of external financing Anthony & Co. will need next year. 2. Use the cash cycle approach to estimate the amount of external funding Anthony & Co. will need next year. 3. Why are these two estimates different?