Suppose that Gyp Sum Industries currently has the balance sheet shown below, and that sales for the year just ended were $10.2 million. The firm also has a profit margin of 30 percent, a retention ratio of 20 percent, and expects sales of $8.2 million next year. Assets Liabilities and Equity Current assets $ 2,124,000 Current liabilities 1,707,480 Fixed assets 4,200,000 Long-term debt 1,600,000 Equity 3,016,520 Total assets $ 6,324,000 Total liabilities and equity $ 6,324,000 If all assets and current liabilities are expected to shrink with sales, what amount of additional funds will Gyp Sum need from external sources to fund the expected growth? (Enter your answer in dollars not in millions. Negative amount should be indicated bya minus sign.) Sales last year Profit margin Retention ratio Sales next year Assets Current liabilities $ 10,200,000 30% 20% 8,200,000 6,324,000 $ 1,707,480 14 15 16 17 18 19 20 Complete the following analysis. Do not hard code values in your calculations, and do not round intermediate calculations Necessary increase in assets Spontaneous increase in liabilities Projected increase in retained earnings Additional Funds Needed 21 23 24 25