Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Sales $29,300 Assets $22,500 Debt $ 6,000 Costs 22,870 Balance Sheet Equity 16,500 Net income $6,430 $22,500 Total $22,500 The company has predicted a sales increase of 6 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 dollar amount.) Pro forma income statement Sales Costs Net income Pro forma balance sheet Assets Debt Equlity Total Total What is the external financing needed? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) External financing needed