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The most recent financial statements for GPS, Inc., are shown here: Income Statement Sales $21706 Costs $14096 Taxable Income ? Taxes (40%) ? Net Income

The most recent financial statements for GPS, Inc., are shown here:

Income Statement
Sales $21706
Costs $14096
Taxable Income ?
Taxes (40%) ?
Net Income ?

Balance Sheet
Assets $55199 Debt $22015
Equity ?

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1887 was paid, and the company wishes to maintain a constant payout ratio. Next years sales are projected to be $29409.

What is the external financing needed? (round 2 decimal places)

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