The most recent financial statements for Cornell, Inc., are shown here:

INCOME STATEMENT				BALANCE SHEET
Sales	$	28,300		Assets	$	58,400		Debt	$	25,400
Costs		19,800						Equity		33,000
Taxable income	$	8,500		Total	$	58,400		Total	$	58,400
Taxes (40%)		3,400
Net income	$	5,100

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,000 was paid, and the company wishes to maintain a constant payout ratio. Next years sales are projected to be $32,545.

What is the external financing needed? (Do not round intermediate calculations.)

External financing needed

$