9) Use the below information to answer the following question. Income Statement For the Year Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income $42,700 29,250 3,750 $ 9,700 1,360 $ 8,340 2,840 $5,500 Taxes Net income Dividends $1,925 Balance Sheet End-of-Year Cash Accounts receivable Inventory Total current assets Net fixed assets Total assets $ 1,320 3,780 10,200 $15,300 33,600 $48,900 Accounts payable $ 3,650 Long-term debt 18,100 Common stock ($1 par value) 15,000 Retained earnings 12,150 Total Liab. & Equity $48.900 Assume this form is operating at full capacity. Also assume that assets, costs, and current liabilities vary directly with all dividend payout ratio is constant. What is the external financing need if sales increase by 14 percent? A) $2,260 B) 53,504 C) -51,816 D) $1,031 E) -$1,268