Solve for External Financing needed???? PLEASE!!!

The most recent financial statements for GPS, Inc., are shown here

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,000 was paid, and the company wishes to maintain a constant payout ratio. Next year?s sales are projected to be $37,400.

What is the external financing needed?

Income Statement Balance Sheet $ 34,000 Assets $57,700 Debt $22,500 35,200 Sales 24,500 Equity Costs Taxable income $ 9,500Tota57,700 Total $57,700 Taxes (40%) 3,800 Net income 5,700