he most recent financial statements for Hornick, Inc., are shown here (assuming no income taxes):

Income Statement				Balance Sheet
Sales	$	8,500		Assets	$	19,500		Debt	$	6,200
Costs		6,000						Equity		13,300
Net income	$	2,500		Total	$	19,500		Total	$	19,500

Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $10,115.

What is the external financing needed? (Do not round intermediate calculations