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

Income Statement
Sales	$26,500
Costs	15,900
Taxable income	$10,600
Taxes (21%)	2,226
Net income	$8,374

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? (Do not round intermediate calculations. Round your answer to 2 decimal places.)