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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 $746,000 581,000 17,000 $ 148,000 Earnings before interest and taxes Interest expense 13,000 Taxable income Taxes (23%) $ 135,000 31,050 Net income $ 103,950 $ 31,185 Dividends Addition to retained earnings 72,765 SCOTT, INC Balance Sheet as of December 31, 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 20,540 Accounts payable $ 54,700 Accounts receivable 43,480 Notes payable 13.900 Inventory 90,960 Total $ 68,600 Total $ 154,980 Long-term debt $ 129,000 Fixed assets Net plant and equipment $422,000 Owners' equity Common stock and paid-in surplus Retained earnings $ 114,000 265,380 Total $379,380 Total assets $576,980 Total liabilities and owners equity $576,980 If the firm is operating at full capacity and no new debt or equity is issued, what external financing is needed to support the 30 percent growth rate in sales? (Do not round intermediate calculations.) EFN