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EFN (L02) The most recent financial statements for Suncrest Inc. are shown here: Statement of Comprehensive Income $26,400 17,300 $ aioo 3,640 $ 5,460 Statement

EFN (L02) The most recent financial statements for Suncrest Inc. are shown here:

Statement of Comprehensive Income

$26,400

17,300 $ aioo

3,640

$ 5,460

Statement of Financial Position

Sales

Costs

Taxable income

Taxes (40%)

Net income

Assets

Total

$65,000 Debt

_________ Equity

$65,000 Total

$27,400

37,600 $65,000

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,300 was paid, and Suncrest wishes to maintain a constant payout ratio. Next year's sales are projected to be $30,360. What is the external financing needed

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