The Income statement and Balance Sheet for Day Light Robbery Inc. is given as follows:

INCOME STATEMENT

Sales $$5,650,000$

COGS $3,865,000$

Depreciations $650,100$

EBIT $1,134,900$

Interest Expense $325,000$

Taxable Income $809,900$

Taxes $161,980$

Net Income $647,920$

Dividends $ $259,168$

BALANCE SHEET

ASSETS LIABILITIES & OWNERS EQUITY

Current Assets $1,251,000$ Current Liabilities $975,000$

Long Term Debt $900,000$

Net Fixed Asset $8,734,000$

Common Stock $6,975,000$

Accumulated Retained Earnings $1,135,000$

Total Owners Equity $8,110,000$

Total Assets $9,985,000$ Total Liabilities & Equity $9,985,000$

The firm expects its Sales to grow $20\%$ next year

Calculate the external funds needed $($EFN$)$

No excel plz