The most recent financial statements for Bello, Inc., are shown here:

Assets and costs are proportional to sales; debt and equity are not. A dividend of $2,700 was paid, and the company wishes to maintain a constant payout ratio. Next year?s sales are projected to be $42,112. What external financing is needed?

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Balance Sheet Income Statement $ 37,000 98,000 Sales $37,600 Assets $135,000 Debt Equity Costs 26,100 Тахable income Total $135,000 Total $135,000 11,500 Taxes (21%) 2,415 Net income $ 9,085