P4-5 EFN (LO2] The most recent financial statements for Summer Tyme, Inc., are shown here: $830 Income Statement Balance Sheet Current Sales $4,200 Current assets $3,700 liabilities Long-term Costs 2,100 Fixed assets 5,300 debt Taxable income $2,100 Equity Taxes (32%) 672 Total $9,000 Total Net income $1,428 3,600 4,570 $9,000 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 60 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 30 percent. Required: What is the external financing needed? (Do not round your intermediate calculations.)