The most recent financial statements for Crosby, Inc., follow. Sales for 2018 are projected to grow by 30 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increasee spontaneously with sales. CROSBY, INC. 2017 Income Statement $758,000 593,000 29,000 Sales Costs Other expenses Earnings before interest and taxes $136,000 25,000 Interest paid $111,000 27,750 Taxable income Taxes (25%) $ 83,250 Net income $24,975 Dividends Addition to retained 58,275 earnings CROSBY, INC Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current liabilities Current assets Cash $ 55,900 15,100 $ 21,740 44,680 Accounts payable Notes payable Accounts receivable $71,000 Inventory 102,960 Total $169,380 $141,000 Total Long-term debt Fixed assets Owners' equity Common stock and paid-in Net plant and equipment $434,000 surplus $120,000 Retained earnings 271,380 391,380 Total Total liabilities and owners' $603,380 equity $603,380 Total assets CROSBY, INC. Balance Sheet as of December 31, 2017 Liabilities and Owners' Equity Assets Current assets Cash Current liabilities $55,900 15,100 21,740 44,680 Accounts payable Notes payable Accounts receivable 71,000 Inventory 102,960 Total 169,380 $141,000 Total Long-term debt Owners' equity Common stock and pald-N $ 120,000 Fixed assets Net plant and equipment $434,000 surplus Retained earnings 271,380 $ 391,380 Total Total liabilities and owners' $603,380 equity $603,380 Total assets If the firm is operating at full capacity and no new debt or equity is issued, what external financing is needed to support the 30 percent growth rate in sales? (Do not round intermediate calculations.) EFN