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				$	760,000
Costs					595,000
Other expenses					31,000
Earnings before interest and taxes				$	134,000
Interest paid					27,000
Taxable income				$	107,000
Taxes (22%)					23,540
Net income				$	83,460
Dividends	$	25,038
Addition to retained earnings		58,422

CROSBY, INC. Balance Sheet as of December 31, 2017
Assets				Liabilities and Owners Equity
Current assets				Current liabilities
Cash	$	21,940		Accounts payable	$	56,100
Accounts receivable		44,880		Notes payable		15,300
Inventory		104,960		Total	$	71,400
Total	$	171,780		Long-term debt	$	143,000
Fixed assets				Owners equity
Net plant and equipment	$	436,000		Common stock and paid-in surplus	$	121,000
				Retained earnings		272,380
				Total	$	393,380
Total assets	$	607,780		Total liabilities and owners equity	$	607,780

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.)