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The most recent financial statements for Bello, Inc., are shown here: Income Statement Sales Costs Balance Sheet $37,800 Assets $136,000 Debt 37,500 Equity 98,500 26,100

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The most recent financial statements for Bello, Inc., are shown here: Income Statement Sales Costs Balance Sheet $37,800 Assets $136,000 Debt 37,500 Equity 98,500 26,100 Taxable $11,700 Total $136,000 Total $136,000 income Taxes (21%) 2,457 Net income $ 9,243 Assets and costs are proportional to sales; debt and equity are not. A dividend of $2,850 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $41,958. What is the external financing needed? (Do not round intermediate calculations.) External financing needed

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