If the firm is operating at full capacity and no new debt or equity is issued, what external financing is needed to support the 25 percent growth rate in sales?

The most recent financial statements for Scott, Inc., appear below. Sales for 2020 are projected to grow by 25 percent. Interest expense will remain constant; the tax rate and the dividend payout rate also will remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. SCOTT, INC. 2019 Income Statement Sales Costs Other expenses $ 748,000 583,000 19,000 Earnings before interest and taxes Interest expense $ 146,000 15,000 Taxable income Taxes (25%) $ 131,000 32,750 Net income $ 98,250 Dividends Addition to retained earnings $ 29,475 68,775 Assets Current assets Cash Accounts receivable SCOTT, INC. Balance Sheet as of December 31, 2019 Liabilities and Owners' Equity Current liabilities $ 20,740 Accounts payable $ 54,900 43,680 Notes payable 14,100 Inventory 92,960 Total $ 69,000 Total $ 157,380 Long-term debt $ 131,000 Fixed assets Net plant and equipment $ 424,000 Owners' equity Common stock and paid-in surplus $ 115,000 Retained earnings 266,380 Total $ 381,380 Total assets $ 581,380 Total liabilities and owners' equity $ 581,380