Question 53 (3 points) The balance sheet for the Timegenic, Inc. for the year ending December 31, 2019 is shown below Timegenic, Inc. Balance Sheet for the Year Ending December 31, 2019 (All amounts are in dollars) 550 350 200 Cash Accounts receivable Inventory Current assets Net fixed assets Total assets 250 wegger 2,750 3,800 6,200 10,000 Notes payable Accounts payable Accruals Current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity 1,100 4,500 2,250 2,150 10,000 Timegenic, Ine had sales revenue of $235,000 in 2019 Compute outside funds needed (OFN) for Timegenic, Inc. for 2020, assuming that sales are projected to grow by 46.0% in 2020, all current assets and all current habilities (ie., notes payable, My Zoom # Sheet Touris Inventory Current assets Net fixed assets Total assets 2,750 3,800 6,200 10,000 Accruals Current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity 200 1,100 4,500 2,250 2,150 10,000 Timegenic, Inc. had sales revenue of $235,000 in 2019. Compute outside funds needed (OFN) for Timegenic, Inc. for 2020, assuming that sales are projected to grow by 46.0% in 2020 all current assets and all current liabilities (ie., notes payable, accounts payable and accruals) will grow as a percent of sales, net fixed assets will grow at 80% of the growth rate in sales, the projected net profit margin for 2020 is 2.6%, and Timegenic, Inc. plans to pay a dividend in 2020 of $8,000 Record your answer as a dollar amount rounded to 0 decimal places but do not include a dollar sign or any commas in your answer. For example record $2,345.678 as 2346 Your Answer: My Zoom # Mu Sheet: Tourist