P4-4 EFN [LO2] The most recent financial statements for Cardinal, Inc., are shown here: Income Statement Balance Sheet Sales Costs Taxable income Taxes (24%) $22,400 Assets$109,000 Debt $33,600 75,400 $5,300 Total$109,000 Total $109,000 17,100 Equity 1,272 Net income $4,028 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,550 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $27,900. What is the external financing needed