Please show work, so I can understand.

Problem 9-6 Additional Funds Needed The Booth Company's sales are forecasted to double from $1,000 in 2015 to $2,000 in 2016. Here is the December 31, 2015, balance sheet: Cash 100 Accounts payable 50 150 Accounts receivable 200 Notes payable Inventories Accruals 200 50 Net fixed assets 400 500 Long-term debt Common stock 100 Retained earnings 250 $1000 $1000 Total assets Total liabilities and equity Booth's fixed assets were used to only 50% of capacity during 2015, but its current assets were at their proper levels in relation to sales. All assets except fixed assets must increase at the same rate as sales, and fixed assets 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 3% and its payout ratio to be 70%. What is Booth's additional funds needed (AFN) for the coming year? Round your answer to the nearest dollar