SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. Use the following information in Table 1 to answer the four questions below. Sales for 2022 are projected to be $25,000; The firm currently uses straight line depreciation; No new equipment purchases are planned for 2022; There will be a 100% earnings distribution for 2022 . The current assets, accounts payable, and accrued expenses vary at a constant percent of sales as do COGS and selling expenses. Assume that notes payable is paid off in 2022. 1) Refer to Table 1 , forecasted total assets for the end of 2022 are: 1) 2) Refer to Table 1, forecasted additional funds needed are: 2) 3) Refer to Table 1, operating Income for 2022 is projected to be: 3) 4) Refer to Table 1, retained Earnings for 2022 are projected to be: 4)