The Flint Company's sales are forecasted to increase from $1,000 in 2001 to $2,000 in 2002. Here is the December 31, 2001, balance sheet:

Flint's fixed assets were used to only 50 percent of capacity during 2001, but its current assets were at their proper levels. All assets except fixed assets increase in proportion to sales, and fixed assets would also increase proportionally with sales if the current excess capacity did not exist. Flint's after-tax profit margin is forecasted to be 5 percent, and its payout ratio will be 60 percent. What is Flint's additional funds needed (AFN) for the coming year?

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Cash Accounts receivable Inventories S 100 200 200 S 500 Accounts payable Notes payable Accruals S 50 150 50 250 400 100 250 $1,000 Total current liabilities Long-term debt Common stock Retained earnings Total current assets Net fixed assets Total assets $1,000 Total liabilities and equity