Smiley Corporation’s current sales and partial balance sheet are shown below.     This year Sales   $ 10,000   Balance Sheet: Liabilities         Accounts payable   $ 2,000   Notes payable   $ 2,500   Accruals   $ 1,800       Total current liabilities   $ 6,300   Long-term bonds   $ 2,000       Total liabilities   $ 8,300   Common stock   $ 1,500   Retained earnings   $ 2,000       Total common equity   $ 3,500     Total liabilities & equity   $ 11,800     Sales are expected to grow by 8% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? Do not round intermediate calculations. Round your answer to the nearest dollar.

Projected Spontaneous Liabilities

Smiley Corporation’s current sales and partial balance sheet are shown below.

 

  This year
Sales   $ 10,000  
Balance Sheet: Liabilities        
Accounts payable   $ 2,000  
Notes payable   $ 2,500  
Accruals   $ 1,800  
    Total current liabilities   $ 6,300  
Long-term bonds   $ 2,000  
    Total liabilities   $ 8,300  
Common stock   $ 1,500  
Retained earnings   $ 2,000  
    Total common equity   $ 3,500  
  Total liabilities & equity   $ 11,800  

 

Sales are expected to grow by 8% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? Do not round intermediate calculations. Round your answer to the nearest dollar.

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