Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Sales $38,000 Costs 32,600 Balance Sheet Assets $27,300 Debt Equity $ 6,700 20,600 Net income $ 5,400 Total $27,300 Total $ 27,300 The company has predicted a sales increase of 15 percent. Assume Wims 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.) Assets $ Pro forma income statement Sales $ 43,700 Costs 37,490 Net income $ 6,210 Pro forma balance sheet 31,395 Debt Equity 31,395 Total Total $ Determine the external financing needed. (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) External financing needed