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? (Do not round intermediate calculations.)

The most recent financial statements for Crosby, Inc., follow. Sales for 2018 are projected to grow by 25 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. CROSBY, INC. 2017 Income Statement Sales Costs Other expenses $748,000 583,000 19,000 Earnings before interest and taxes Interest paid $ 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