The Manning Company has financial statements as shown next, which are representative of the company's historical average. The firm 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 fixed assets, but rather through more efficient asset utilization in the existing store. Among liabilities, only current liabilities vary directly with sales. Income Statement Sales Expenses Earnings before interest and taxes Interest Earnings before taxes Taxes Earnings after taxes Dividends $ 240,000 181,200 $ 58,800 7,400 $ 51,400 15,400 $ 36,000 $ 12,600 Balance Sheet (in $ millions) Cash Accounts receivable Inventory Current assets Fixed assets Total assets Assets Liabilities and Stockholders' Equity $ 6,000 57,000 81,000 Accounts payable $ 23,300 Accrued wages 1,800 Accrued taxes 3,700 $ 144,000 $ 28,800 84,000 7,400 Current liabilities Notes payable Long-term debt Common stock Retained earnings $ 228,000 Total liabilities and stockholders' equity 17,000 124,000 50,800 $ 228,000 Using the percent-of-sales method, determine whether the company has external financing needs, or a surplus of funds. (Hint: A profit margin and payout ratio must be found from the income statement.) Note: Do not round intermediate calculations. Input your answer as positive a value. The firm needs Answer is complete but not entirely correct. $ 34,560 in external funds.