A firm has current sales of $56,000. Projected sales for next year are $60,000. 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 $3,100. What is the projected external financing need given the following current account values?

Current assets	$	10,700
Net fixed assets	$	26,000
Current liabilities	$	7,800
Long-term debt	$	10,400
Common stock	$	5,000
Retained earnings	$	12,400