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 $756,000 591,000 27,000 Earnings before interest and taxes Interest paid $ 138,000 23,000 Taxable income Taxes (23%) $ 115,000 26,450 Net income $ 88,550 Dividends Addition to retained earnings $26,565 61,985 CROSBY, INC. Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 21,540 Accounts payable $ 55,700 Accounts receivable 44,480 Notes payable 14,900 Inventory 100,960 Total $ 70,600 Total Fixed assets Net plant and equipment $ 166,980 Long-term debt $ 139,000 Owners' equity $432,000/ Common stock and paid-in $ 119,000 surplus Retained earnings 270,380 Total $389,380 Total assets $598,980 Total liabilities and owners' equity $598,980 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