he most recent financial statements for Martin, Inc., are shown here:

Income Statement
Sales	$	26,500
Costs		(15,900)
Taxable income	$	10,600
Taxes (34%)		(3,604)
Net income	$	6,996

Balance Sheet
Assets	$	108,650		Debt	$	45,000
				Equity		63,650
Total	$	108,650		Total	$108,650

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,090 was paid, and Martin wishes to maintain a constant payout ratio. Next years sales are projected to be $31,535. What is the external financing needed?