The most recent financial statements for Crosby, Inc., follow. Sales for 2018 are projected to grow by 20 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 increase spontaneously with sales. CROSBY, INC. 2017 Income Statement Sales Costs Other expenses $980,760 792,960 20,060 Earnings before interest and taxes Interest paid $ 167,740 14,740 Taxable income Taxes (21%) $ 153,000 32,130 Net income $ 120,870 Dividends Addition to retained earnings $39,250 81,620 CROSBY, INC. Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 27,920 Accounts payable $ 71,720 Accounts receivable 42,630 Notes payable 17,620 Inventory 95,910 Total $ 89,340 Total $ 166,460 Long-term debt $ 170,000 Fixed assets Net plant and equipment $455,980 Owners' equity Common stock and paid-in surplus Retained earnings $ 140,000 223,100 Total $ 363,100 Total assets $622,440 Total liabilities and owners equity $622,440 If the firm is operating at full capacity and no new debt or equity is issued, what external financing is needed to support the 20 percent growth rate in sales? (Do not round intermediate calculations.) EFN