riviem 3-41 LaiLulau y Ern The most recent financial statements for Scott, Inc., appear below. Sales for 2020 are projected to grow by 30 percent. Interest expense will remain constant; the tax rate and the dividend payout rate also will remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. SCOTT, INC. 2019 Income Statement Sales Costs Other expenses $755,000 590,000 26,000 $ 139,000 Earnings before interest and taxes Interest expense 22,000 nces Taxable income Taxes (22%) $ 117,000 25,740 Net Income $ 91,260 $ 28,291 Dividends Addition to retained earnings 62.969 SCOTT, INC Balance Sheet as of December 31, 2019 Assets Latites and Owner' uity Current assets Current abilities Cash 5. 21,440 Accounts payable $ 55.605 44.380 Accounts receivable 14 en Notes gayable my MacBook Ar 888 FA BO FI % 5 A 6 7 You skipped this question in the previous attempt 62,969 earnings SCOTT, INC. Balance Sheet as of December 31, 2019 Assets Llabilities and Owners' Equity Curre.it assets Current Habilities Cash $ 21.446 Accounts payable $ 55,600 Accounts receivable 44,380 Notes payable 14,800 $ 70,400 OOK Inventory Total 99,960 $ 138,000 Total $ 165,780 Long-term debt Print Fixed assets Net plant and equipment $ 431.000 Owners' equity Common stock and pald-in $ 118,500 surplus Retained earnings 269,880 Total $388.380 Forences $596,780 5596780 Total liabilties and owners equity Total assets If the firm is operating at full capacity and no new debt or equity is issued what external financing snoeded to support the a percent growth rate in sales? (Do not round intermediate calculations) ER Prey 15 B Score we MacBook Air 888 F4 20 3 F2 A 6 & 7 $ 4 % 5 8 10 # 3