The most recent financial statements for Cardinal, Inc., are shown here: Income StatementBalance Sheet Sales Costs $27,000 Assets $65,200 Debt 29,700 Equity 35,500 17,900 Taxable $ 9,100 Tota $65,200 Total $65,200 9,100 : Taxes (24%) 2184 Net income$ 6,916 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,700 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales to saies deint constant payout rato. Ne are projected to be $31,320. What is the external financing needed? (Do not round intermediate calculations.) External financing needed