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 $745,000 580,000 16,000 Sales Costs Other expenses Earnings before interest and taxes Interest paid $ 149,000 12,000 Taxable income Taxes (22%) $ 137,000 30,140 Net income $ 106,860 Dividends Addition to retained earnings $33,127 73,733 CROSBY, INC. Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 20,440 Accounts payable $ 54,600 Accounts receivable 43,380 Notes payable 13,800 Inventory 89,960 Total $ 68,400 Total $ 153,780 Long-term debt $ 128,000 Fixed assets Net plant and equipment $421,000 Owners' equity Common stock and paid-in surplus Retained earnings $ 113,500 264,880 Total $378,380 Total assets $574,780 Total liabilities and owners' equity $ 574,780 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.) EFN