Check my work Check My Work button is now enabledItem 4 Item 4 20 points Problem 18-18 Required External Financing (LO3) Here are the abbreviated financial statements for Planners Peanuts:

Here are the abbreviated financial statements for Planner's Peanuts: INCOME STATEMENT, 2017 Sales Cost Net income $5,500 4,300 $1,200 BALANCE SHEE, YEAR-END 2016 2017 2016 2017 $8,500 $9,000 Debt 823 $1,000 8,000 $8,500 $9,000 Total $8,500 $9,000 Assets _ Equity7,677 Total Assets are proportional to sales. If the dividend payout ratio is fixed at 50%, calculate the required total external financing for growth rates in 2018 of 25%, 30%, and 35%. (Do not round intermediate calculations. Round your answers to 2 decimal places.) NOTE: Use the growth rates in the question above and not the figures in the table below External Financing Need 15% $ 1,513.02 20% : 25%