The most recent financial statements for Bigby, Incorporated, are shown here (assuming no income taxes): Income Statement Sales Costs Net income $4,800 3,390 $ 1,410 Balance Sheet Debt Equity Assets $15,200 Total $15,200 What is the external financing needed? $ 10,800 4,400 Total $15,200 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,963.

The most recent financial statements for Bigby, Incorporated, are shown here (assuming no income taxes): Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,963. What is the external financing needed