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Projected Spontaneous Liabilities Smile Cor oration's current sales and partial balance sheet are shown below.
Y P This year
Sales $10,000
Balance Sheet: Liabiiities
Accounts payable $ 2,000
Notes payable $ 2,000
Accruals $ 1,400
Total current liabilities $ 5,400
Long-term bonds $ 2,000
Total liabilities $ 7,400
Common stock $ 1,500
Retained earnings $ 2,000
Total common equity $ 3,500
Total liabilities equity $10,900
Question 1: Sales are expected to grow by 10% 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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