7

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

Income Statement
Sales	$20047
Costs	$10586
Taxable Income	?
Taxes (40%)	?
Net Income	?

Balance Sheet
Assets	$52688	Debt	$19751
		Equity	?

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1817 was paid, and the company wishes to maintain a constant payout ratio. Next years sales are projected to be $28824.

What is the external financing needed? (Negative amount should be indicated by a minus sign.)

(Omit the "$" sign and commas in your response. Enter your answer rounded to 2 decimal places. For example, $1,200.456 should be entered as 1200.46.)