A firm has current sales of $42,000. Projected sales for next year are $44,000. The percentage of sales approach is used for pro forma purposes. All balance sheet accounts, except long-term debt and common stock, change according to that approach. The expected increase in retained earnings is $2,500. What is the projected external financing need given the following current account values?

Current assets	$	11,000
Net fixed assets	$	25,000
Current liabilities	$	5,600
Long-term debt	$	10,500
Common stock	$	4,500
Retained earnings	$	10,500