Below is the most recent financial information for Auster's Books Company. If the sales are expected to increase by 20% in 2020, what is the external financing need for this company? The assumptions for this question are as follows: (I) Auster's Books' costs on the income statement vary directly with sales (II) Auster's Books' asset accounts vary directly with sales (III) Auster's Books' accounts payable vary directly with sale (IV) The average tax rate is constant (V) Dividend payout ratio is constant (VI) No stocks will be issued or repurchased Income Statement (in thousands) Year 2019 800.00 360.00 Revenues COGS Year 2019 Current Assets Net Fixed Assets Balance Sheet (in thousands) Year 2019 400 Accounts Payable 800 Long term debt Shareholders' Equity 1,200 Total Lia. & Eq. 200 720 50.00 280 390.00 Total Assets 1,200 45.00 345.00 Depreciation EBIT Interest Taxable Income Taxes (30%) Net Income Dividends (Payout Ratio= 20%) Additions to Retained Earnings 103.50 241.50 48.30 193.20