The most recent financial statements for Cardinal, Inc., are shown here: Income Statement Sales Costs $31,400 18,450 Balance Sheet Assets $74,000 Debt $37.400 Equity 36,600 Taxable $12,950 Total $74,000 Total $74,000 income Taxes (24%) 3,108 Net income $ 9,842 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $3,800 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $36,424. What is the external financing needed? (Do not round intermediate calculations.) External financing needed