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INCOME STATEMENT BALANCE SHEET Sales $ 7,600 Assets $ 19,100 Debt $ 7,000 Costs 5,020 Equity 12,100 Net income $ 2,580 Total $ 19,100 Total

INCOME STATEMENT BALANCE SHEET
Sales $ 7,600 Assets $ 19,100 Debt $ 7,000
Costs 5,020 Equity 12,100
Net income $ 2,580 Total $ 19,100 Total $ 19,100

Assets and costs are proportional to sales; debt and equity are not. No dividends are paid. Next years sales are projected to be $9,500.
What is the external financing needed? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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