The most recent financial statements for Assouad, Incorporated, are shown here:

Income Statement Balance Sheet

Sales $ $11,300$ Current assets $ $5,550$ Current liabilities $ $3,375$

Costs $8,050$ Fixed assets $10,300$ Long$-$term debt $4,890$

Taxable income $ $3,250$ Equity $7,585$

Taxes $(22\%)715$ Total $ $15,850$ Total $ $15,850$

Net income $ $2,535$

Assets, costs, and current liabilities are proportional to sales. Long$-$term debt and equity are not. The company maintains a constant $45$ percent dividend payout ratio. As with every other firm in its industry, next year$$s sales are projected to increase by exactly $18$ percent. What is the external financing needed?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

$6$

points

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Consider the following simplified financial statements for the Furukawa Corporation $($assuming no income taxes$)$:

Income Statement Balance Sheet

Sales $ $39,200$ Assets $ $21,600$ Debt $ $6,600$

Costs $32,650$ Equity $15,000$

Net income $ $6,550$ Total $ $21,600$ Total $ $21,600$

The company has predicted a sales increase of $16$ percent. Assume the company pays out half of net income in the form of a cash dividend. Costs and assets vary with sales, but debt and equity do not. Prepare the pro forma statements.

Note: Input all amounts as positive values. Do not round intermediate calculations and round your answers to the nearest whole number, e$.$g$.,32.$

What is the external financing needed?

Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e$.$g$.,32.$