15 The most recent financial statements for Crosby, Incorporated, follow. Sales for 2021 are projected to grow by 30 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. CROSBY, INCORPORATED 2020 Income Statement 03:44:56 Sales xipped Costs Other expenses $ 758,000 593,000 29,000 Book Earnings before interest and Hint $136,000 taxes erences Interest paid 25,000 $111,000 Taxable income Taxes (25%) Net income Dividends Addition to retained earnings $ 24,975 58,275 27,750 $ 83,250 5. CROSBY, INCORPORATED Balance Sheet as of December 31, 2020 Liabilities and Owners' Equity Assets Current assets Cash Accounts receivable Current liabilities $ 21,740 Accounts payable 44,680 Notes payable 44:28 Inventory 102,960 Total ed Total $ 169,380 Long-term debt Fixed assets Owners' equity Net plant and equipment $434,000 surplus Common stock and paid-in Retained earnings ces Total assets Total $ 603,380 Total liabilities and owners' equity $ 55,900 15,100 $ 71,000 $141,000 $120,000 271,380 $ 391,380 $ 603,380 If the firm is operating at full capacity and no new debt or equity is issued, what external financing is needed to support the 30 percent growth rate in sales? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) EFN