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 $744,000 579,000 15,000 Earnings before 150,000 11,000 interest and taxes Interest paid Taxable income Taxes (21%) 139,000 29,190 Net income $ 109,810 Dividends Addition to retained $32,943 76,867 earnings CROSBY, INC. Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current liabilities Current assets Cash Accounts $ 20,340 Accounts payable54,500 13,700 $ 68,200 $127000 43,280 Notes payable receivable Inventory 88,960 Total Total $152,580 Long-term debt Fixed assets Owners' equity Net plant and Common stock and $420,000 $113,000 264,380 $377,380 $572,580 equipment paid-in surplus Retained earnings Total Total liabilities and owners' equity Total assets $572,580 If the firm is operating at full capacity and no new debt or equity is issued, what external financing is needed to support the 20 percent growth rate in sales? (Do not round intermediate calculations.)