Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Sales $ 30,100 Costs 24,380 Balance Sheet Assets $21,050 Debt Equity $ 6,550 14,500 Net income $ 5,720 Total $21,050 Total $21,050 57 The company has predicted a sales increase of 14 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 Assets Sales Costs Net income Pro forma balance sheet Debt Equity 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