$2. the needed for next year? r25 poins) The Optical Scam Company has forecast a sales growth rate of 20 percent for next year current financial statements are shown below. Assuming that assets, COGS, and short-term debt have same growth rate as sales, and that the retention ratio does not change, what is the external financing Income Statement Sales COGS $ 31,700,000 26,426,900 Taxable income Taxes $ 5,273,100 1,845,585 Net income $ 3,427,515 Dividends Addition to $1,371,006 retained earnings 2.056,509 Balance Sheet Assets Liabilities and Equity $ 7,330,000 Short-term debt Long-term debt S 5,389,000 7.291,000 Current assets Fixed assets 20,566,000 S 959,000 Common stock Accumulated retained 14,257,000 earnings S 15,216,000 S 27.896,000 Total equity Total assets $ 27,896,000 Total liabilities and equity