Consider the following simplified financial statements for the Wesney Corporation $($assuming no income taxes$)$:

The company has predicted a sales increase of $16$ percent. Assume the company pays

out half of net income in the form of a cash dividend. Costs and assets vary with sales,

but debt and equity do not.

Prepare the pro forma statements. $($Input all amounts as positive values. Do not round

intermediate calculations and round your answers to the nearest whole number, e$.$g$.,$

$32.)$

Answer is complete but not entirely correct.

What is the external financing needed? $($A negative answer should be indicated by a

minus sign. Do not round intermediate calculations and round your answer to the

nearest whole number, e$.$g$.,32.)$

External financing needed