The most recent financial statements for Cardinal, Incorporated, are shown here: Income Statement Balance Sheet $ Sales $23,600 Assets Debt $ 41,600 120,000 Costs 15,700 Equity 78,400 Taxable $ $ $ 7,900 Total Total income 120,000 120,000 Taxes (22%) 1,738 Net income $ 6,162 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,460 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $28,500. What is the external financing needed? Multiple Choice $19,237