1. Use the financial statement method to forecast the additional funds needed for Aloha Corporation in 2021. Sales during the past year were $1,800,000, and they are expected to increase 30% next year. Also, during last year fixed assets were being utilized to 90% of capacity. All other assets and liabilities related to operations will increase at the same rate as sales. The profit margin will remain constant at 3% and the company will continue to pay out 40 % of its net income as dividends.

Show your work and upload your file here. No credit given if work is not shown.

ALOHA CORPORATION BALANCE SHEET
	2020	2021			2020	2021
Assets				Liabilities and equity
Cash and cash equivalents	$29,224			Accounts payable	$36,505
Short term investments	$50,856			Accruals	$48,813
Accounts Receivable	$22,140			Notes payable	$65,107
Inventories	$10,133			Total current liabilities	$150,425
Total current assets	$112,353
				Long-term debt	$235,461
Net fixed assets	$582,754
				Common stock	$64,342
				Retained Earnings	$244,879
				Total equity	$309,221
Total assets	$695,107			Total liabilities and equity	$695,107

Show your work.