Consider the following financial statements for Industrial Supply Company.

$($Actual$)$

December $31,$

Liabilities and Equity

Selected Financial Ratios

Determine the amount of additional financing needed for Year $2$ under the following conditions:

Suppose that the company has excess fixed assets and that no increase in net fixed assets is required as sales are increased.

Assume that the company plans to maintain its dividend payments at the same level in Year $2$ as in Year $1.$ Round your answer to

the nearest dollar.