You work in the Finance Department for Ritter Inc. and you have been instructed to conduct financial planning for the next year to estimate the possible need for new funds based on the assumptions and accounting data below. Assumptions Growth in Sales Tax Rate 3.00% 28.00% 9:55 Income Statement Balance Sheet Sales 150,000 Current Assets 8,500 Costs 112,500 Fixed Assets 96,000 EBIT 37,500 Total Assets 104,500 Interest 2,255 EBT 35,245 Current Liab 19,500 Taxes 9,869 Debt 41,000 Net Income 25,376 Equity 44,000 Total Liab & Eq 104,500 Dividends 24,800 You are to assume that costs, current assets, fixed assets and current liabilities will all vary as a percent-of- sales based on the current figures. Assume that debt and interest expenses will remain constant. Also, assume the firm will not issue or retire any stocks and that dividends will remain at their current level. (Do not round intermediate calculations and round your answers to the single digits place, e.g., 13276) What is the estimate for sales next year? What is the estimate for net income next year? What is the estimate for the amount to add to retained earnings for next year? What is the estimate for total assets next year? What is the estimate for equity for next year? | What is the estimate for the new funding required for next year? A positive number means the firm requires new funding and a negative value that the firm will generate, excess cash based on these policies