INCOME STATEMENT				BALANCE SHEET
Sales	$	50,000		Assets	$	112,500		Debt	$	32,700
Costs		40,600						Equity		79,800
Taxable income	$	9,400		Total	$	112,500		Total	$	112,500
Taxes (25%)		2,350
Net income	$	7,050

Assets and costs are proportional to sales; debt and equity are not. A dividend of $2,700 was paid, and the company wishes to maintain a constant payout ratio. Next years sales are projected to be $57,500.

What is the external financing needed? (Do not round intermediate calculations and enter your answer to the nearest whole number, e.g., 32.)