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

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

This yearSales $10,000 Balance Sheet: LiabilitiesAccounts payable$2,000Notes payable$1,500Accruals$2,000    Total current liabilities$5,500Long-term bonds$2,000    Total liabilities$7,500Common stock$2,000Retained earnings$3,000    Total common equity$5,000  Total liabilities & equity$12,500Sales are expected to grow by 12% 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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