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

The most recent financial statements for Incredible Edibles, Inc., are shown here (assuming no income taxes):

INCOME STATEMENT				BALANCE SHEET
Sales	$	7,200		Assets	$	24,500		Debt	$	10,000
Costs		5,270						Equity		14,500
Net income	$	1,930		Total	$	24,500		Total	$	24,500

Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $8,136. What is the external financing needed?

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,100 was paid, and the company wishes to maintain a constant payout ratio. Next years sales are projected to be $34,320. What is the external financing needed? (Do not round intermediate calculations.) External financing needed $