The Booth Co.’s sales are forecasted to double from $1,000 in 2015 to $2,000 in 2016

The Booth Co.’s sales are forecasted to double from $1,000 in 2015 to $2,000 in 2016. Here is the Dec. 31, 2015 Balance Sheet:Cash $100A/R 200Inventories. 200Net FA 500 Total Assets $1,000A/P 50NP 150Accruals 50Long-term Debt 400Common Stock 100Retained Earnings 250 Total liabilities and equity $1,000–Booth’s FA were used to only 50% capacity during 2015, but its CA were at their proper levels in relation to sales. All assets except FA must increase at the same rate as sales, and FA would also have to increase at the same rate if the current excess capacity did not exist. Booth’s after-tax profit margin is forecasted to be 6% and its payout ratio to be 35%. What is Booth’s additional funds needed for the coming year?