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The most recent financial statements for GPS, Inc., are shown here: Sales Income Statement Costs Taxable Income Taxes (40%) Net Income Assets $21,176 $58,749 $13,066

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The most recent financial statements for GPS, Inc., are shown here: Sales Income Statement Costs Taxable Income Taxes (40%) Net Income Assets $21,176 $58,749 $13,066 ? ? ? Balance Sheet Debt Equity ? $15,431 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,722 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $29,824. What is the external financing needed? (Negative amount should be indicated by a minus sign.)

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