Please show all work!

Jim's Espresso expects sales to grow by 10.0% next year. Jim's changes its payout ratio from 90% to 70% of net income next year. When the payout ratio was 90%, there was excess financing in the amount of $3,742. Jim's developed the pro forma financial statements given here?to reflect the change in the payout ratio to 70%. How will the net new financing change? Hint: Determine the difference in financing by subtracting the financing required at 90% ($3,742) from the financing required at 70%. The financing required at 70% is $1. (Round to the nearest dollar)