The 1999 Balance Sheet for ABC Corporation is shown below:

Assets               1999           Liabilities            1999    

Cash               $10,000        Accounts Payable      $ 8,000     

Accounts Receivable   20,000        Accruals               2,000     

Inventory             40,000        Total Current Liabilities $10,000   

  Total Current Assets  $70,000        Bonds                $30,000   

Net Fixed Assets     $150,000     

Total Liabilities     $40,000  

Owners Equity

Common Stock    $100,000   

Retained Earnings    80,000   

  Total Assets       $220,000            Total Liab.& OE   $220,000  

The firm is currently operating at 100% capacity with sales of $100,000. Management believes that next year sales will increase by 10% and it is anticipating that the firm's profit margin will remain at 20%. The dividend payout for next year will be 45%. In the year 2,000 what will the firm's additional funds needed be? (In answering this question you must prepare a pro forma balance sheet.)