The most recent financial statements for Cardinal, Inc., are shown here: salesme Stat$29,800 Income Statement Sales $29,800 Costs 18,250 Assets Balance Sheet $70,800 Debt Equity $34,600 36,200 Taxable income $ 11,550 Total $70,800 Total $70,800 Taxes (22%) 2,541 Net income $ 9,009 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 $33,972. What is the external financing needed? (Do not round intermediate calculations.) External financing needed | $ 3,631