The most recent financial statements for Bello, Inc., are shown here: Income Statement Sales $39,400 Costs 26,900 Balance Sheet Assets $144,000 Debt Equity $ 41,500 102,500 Taxable income $ 12,500 Total $144,000 Total $144,000 Taxes (24%) 3,000 Net income $ 9,500 Assets and costs are proportional to sales; debt and equity are not. A dividend of $3,250 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $44,522. What is the external financing needed? (Do not round intermediate calculations.) External financing needed