The Manning Company has financial statements as shown next, which are representative of the company's historical average. The firm s expecting a 35 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. Jsing the percent-of-sales method, determine whether the company has external financing needs, or a surplus of funds. (Hint: A profit nargin and payout ratio must be found from the income statement.) (Do not round intermediate calculations.)