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 $763,000 598,000 34,000 $ 131,000 Earnings before interest and taxes Interest paid 30,000 Taxable income Taxes (25%) $ 101,000 25,250 Net income $ 75,750 Dividends Addition to retained earnings $23,483 52,267 CROSBY, INC. Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 22,240 Accounts payable $ 56,400 Accounts receivable 45,180 Notes payable 15,600 Inventory 107,960 Total $ 72,000 Total $ 175,380 Long-term debt $ 146,000 Fixed assets Net plant and equipment $439,000 Owners' equity Common stock and paid-in surplus Retained earnings $ 122,500 273,880 Total $396,380 Total assets $ 614,380 Total liabilities and owners' equity $ 614,380 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.)