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Assets and costs are proportional to sales. Debt and equity are not. A dividend of $ 3 , 8 0 0 was paid, and the

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $3,800 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $36,424. What is the external financing needed? (Do not round intermediate calculations.)
The most recent financial statements for Locke, Inc., are shown here:
\table[[INCOME STATEMENT,BALANCE SHEET],[Sales,$60,000,Assets,$128,500,Debt,$ 41,700],[Costs,49,600,,,Equity,86,800],[\table[[Taxable],[income]],$10,400,Total,$128,500,Total,$128,500
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