a$.$ Assume that Universal plans to purchase $$400,000$ in fixed assets during $2022$ and to dispose of no fixed assets during $2022.$ Universal Products Company has almost finished its pro forma financial statements for $2022,$ as shown next.

$\backslash$table$[[$Financial Stater,$\backslash$table$[[$Universal Product$],[$ments$,2021$ and Pro$],[$INCOME STATE$],[$Actual$],[2021]],\backslash$table$[[5$ Compa$],[$Forma$],[$EMENT$]],\backslash$table$[[2822]],($$$,\backslash$table$[[$thousands$],[$Forecast$],[2022]],,],[$Sales$,$$$,4,800,,,,$$$,5,200],[$Cost of goods sold,,$3,500,,,,,3,706],[$Operating expense,$98,500,,,,,500],[$Depreciation expense,,$250,,,2?,,260],[$Interest expense,$-,70,1\_,,+1,,100],[$Earnings before tax,,$480,,,,,640],[$Tax$,\_,168,,,,,224],[$Net income,?,$$312,,,,,$$$416]]$

What would be its forecast for net fixed assets in $2022?$

b$.$ Assume that Universal plans to have a dividend payout ratio of $50$ percent in $2022$ and will neither sell nor repurchase equity

during $2022.$ What would be its forecast for owner's equity in $2022?$

c$.$ Given the assumptions in questions $($a$)$ and $($b$),$ what is Universal's projected external funding required for $2022?$