The most recent financial statements for Crosby, Inc., follow. Sales for 2018 are projected to grow by 25 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 $754,000 589,000 25,000 Earnings before interest and taxes Interest paid $ 140,000 21,000 Taxable income Taxes (21%) $ 119,000 24,990 Net income $ 94,010 Dividends Addition to retained earnings $28,203 65,807 CROSBY, INC. Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 21,340 Accounts payable $ 55,500 Accounts receivable 44,280N otes payable 14,700 Inventory 98,960 Total $ 70,200 Total $ 164,580 Long-term debt $ 137,000 Fixed assets Net plant and equipment $430,000 Owners' equity Common stock and paid-in $ 118,000 surplus Retained earnings 269,380 Total $ 387,380 Total assets $594,580 Total liabilities and owners' equity $594,580 If the firm is operating at full capacity and no new debt or equity is issued, what external financing is needed to support the 25 percent growth rate in sales? (Do not round intermediate calculations.) EFN