The most recent financial statement for Scott Inc., appears below. Sales for 2020 are projected to grow by 20%. Interest expense will remain constant, tax rate and the dividend payout rate also will remain constant. Cost, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales.

Scott INC. 2019 Income Statement

Sales $750,000

Costs $585,000

Other expense $21,000

Earnings before interest and taxes $144,000

Interest Expense $17,000

Taxable income $127,000

Taxes (24%) $27,940

Net Income $99,060

Dividends $29,718

Addition to retained earnings $69,342

Scott, INC

Balance sheet as of December 31,2019

Assets Liabilities and Owner's Equity

Current assets

Cash $20,940 Accounts payable $55,100

Accounts receivable $43,880 Notes Payable $14,300

Inventory $94,960 Total $69,400

Total $159,180 Long term debt $133,000

Fixed assets Owner's equity

Net plant and equipment $426,000 Common stock and paid in surplus $116,000

Retained Earnings $267,380

Total $383,380

Total assets $585,780 Total liabilities and owner equity $585,780

If the firm is operating at a full capacity and no new debt ot equity is issued what external financing is needed to support the 20% growth rate in sales?