1 733 points INCOME STATEMENTY 2019 Sales Costs EBIT Interest expense Taxable income Taxes (at 211) Net income Dividends $ 22,120 Addition to retained earnings $ 22, 120 $ 240,000 170,000 $ 70,000 14,000 $ 56,000 11,760 $ 44,240 Assets Current assets Cash Accounts receivable Inventories Total current assets Net plant and equipment BALANCE SHEET, YEAR-END, 2019 Liabilities Current Liabilities $7,000 Accounts payable 12,000 Total current liabilities 21,000 Long-term debt $ 40,000 Stockholders' equity 180,000 Common stock plus additional paid-in capital Retained earnings $ 220,000 Total liabilities plus stockholders' equity $ 14,000 $ 14,000 140,000 15,000 51. eee $ 220,000 Total assets Sales and costs are projected to grow at 30% a year for at least the next 4 years. Both current assets and accounts payable are projected to rise in proportion to sales. The firm is currently operating at 75% capacity, so it plans to increase fixed assets in proportion to sales. Interest expense will equal 10% of long-term debt outstanding at the start of the year. The firm will maintain a dividend payout ratio of 0,50 What is the required external financing over the next year? (Enter excess cash as a negative number with a minus sign.) Answer is complete but not entirely correct. Extema financing (67,632)