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Here are the abbreviated financial statements for Planners Peanuts: INCOME STATEMENT, 2019 Sales $ 10,500 Cost 8,300 Net income $ 2,200 BALANCE SHEET, YEAR-END 2018

Here are the abbreviated financial statements for Planners Peanuts:

INCOME STATEMENT, 2019
Sales $ 10,500
Cost 8,300
Net income $ 2,200

BALANCE SHEET, YEAR-END
2018 2019 2018 2019
Assets $ 9,500 $ 10,000 Debt $ 853 $ 1,000
Equity 8,647 9,000
Total $ 9,500 $ 10,000 Total $ 9,500 $ 10,000

Assets are proportional to sales. If the dividend payout ratio is fixed at 50%, calculate the required total external financing for growth rates in 2020 of (a) 25%, (b) 30%, and (c) 35%. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

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