The most recent financial statements for Fleury Inc., follow. Sales for 2012 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.

FLEURY, INC. 2011 Income Statement
Sales				$	725,000
Costs					591,000
Other expenses					12,000
Earnings before interest and taxes				$	122,000
Interest paid					14,000
Taxable income				$	108,000
Taxes (50%)					54,000
Net income					54,000
Dividends	$	33,360
Addition to retained earnings		20,640

FLEURY, INC. Balance Sheet as of December 31, 2011
Assets				Liabilities and Owners Equity
Current assets				Current liabilities
Cash	$	21,540		Accounts payable	$	55,700
Accounts receivable		33,860		Notes payable		14,900
Inventory		70,820		Total	$	70,600
Total	$	126,220		Long-term debt	$	139,000
Fixed assets				Owners equity
Net plant and equipment	$	280,000		Common stock and paid-in surplus	$	125,000
				Retained earnings		71,620
				Total	$	196,620
Total assets	$	406,220		Total liabilities and owners equity	$	406,220

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?