The most recent financial statements for Bello, Inc., are shown here: Income Statement Sales $40,000 Costs 27,200 Balance Sheet Assets $147,000 Debt Equity $ 43,000 104,000 Taxable income $ 12,800 Total $147,000 Total $147,000 Taxes (22%) 2,816 Net income $ 9,984 Assets and costs are proportional to sales; debt and equity are not. A dividend of $3,400 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $46,400. What is the external financing needed? (Do not round intermediate calculations.) External financing needed