The Longbranch Western Wear Company has the following financial statements which are representative of the company's historical average Income State Sales Expenses 395,00 Earnings before interest and taxes 56.100 Interest 3.11 Earnings before me sce.ee Taxes Earning after taxes 5,000 Dividends $ 10,00 Assets 2,10 Accounts receivable Inventory Current assets Capital assets Balance Sheet Lilities and Shareholders' testy $5, een Accounts payable $11.19 21.00 Accred wages 25,000 Accrued taxes 18.00 552.00 Current is 525.000 31.ee Notes payable 3.100 Longe det 20,500 Com tot 31,000 Rated $133,00 Total Habilities and city $533,00 Total assets Longbranch is expecting a 30 percent increase in sales next year and management is concerned about the company's need for external funds. The increase in sales is expected to be carried out without any expansion of capital assets, instead. It will be done through more efficient asset utilization in the existing stores. O obties, only current liabilities vary directly with sales. a. Using a percent of sales method, determine whether Longbranch Western Wear has external financing needs. (Input the amount as a positive value.)