Question: Case 2 3. (LO3) Data generated from the CDE company's 2020 Financial Statement are as follows: Sales from CDE companies at the end of 2020

 Case 2 3. (LO3) Data generated from the CDE company's 2020

Case 2 3. (LO3) Data generated from the CDE company's 2020 Financial Statement are as follows: Sales from CDE companies at the end of 2020 were recorded at $ 110,000. COGS is $68,000. The net income the company made is $ 28,000. The company's total assets are $ 75,000. Company liabilities consists of Accounts Payable of $ 13,000, Accrued Payable of $ 2,000, and Long-Term Liabilities of $ 1,000. If the company distributes dividends of $ X,X00 and has beginning equity of $ X0,000. Calculate the Additional Funds Needed for 2021. Explain your answer. (20%) Use numbers 1, 2, 3, 4, 6, 7, 8, or 9 (you cannot use 5 or 0) to fill X notation in the question above. Please use a different number for each X notation

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