The Manning Company has financial statements as shown next, which are representative of the compa historical average. The firm is expecting a 30 percent increase in sales next year, and management i company's need for external funds. The increase in sales is expected to be carried out without s concerned a bout expansion of fixed assets, but rather through more efficient asset utilization in the existing store. Am liabilities, only current liabilities vary directly with sales. Income Statement Sales $220,000 Expenses 158,000 Earnings before interest and taxes 62,000 Interest 9,400 Earnings before taxes $ 52,600 Taxes Earnings after taxes Dividends 17,400 s 35,200 S 8,800 Balance Sheet Assets Liabilities and Stockholders' Equity Cash Accounts receivable Inventory $ 5,000 Accounts payable 61,000 Accrued wages 77,000 Accrued taxes 25,700 2,400 4,900 Current assets Fixed assets 33,000 9,400 27,000 128,000 34,600 $143,000 Current liabilities 89,000 Notes payable Long-term debt Common stock Retained eamings Total liabilities and Total assets $232,000 stockholders' equity $232,000 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.) (Do not round intermediate calculations. Input the amount as a positive value.) The firm (Click to select) la s in (Click to select)