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Last year's simplified financlal statements for Adeyemi Cycles are shown below. Assume there are no income taxes. The firm is forecasting a sales increase of

Last year's simplified financlal statements for Adeyemi Cycles are shown below. Assume there are no income taxes. The firm is forecasting a sales increase of 11 percent: Assets and expenses are proportional to sales, but debt and equity are not. The firm does not plan to pay dividends. How much external financing will Adeyemi need to support its growth?
\table[[Income Statement,Balance Sheet],[Sales,$84,600,Assets,$423,000
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