The most recent financial statements for Hornick, Inc., are shown here (assuming no income taxes):\

What is the external financing needed?

Income Statement				Balance Sheet
Sales	$	7,600		Assets	$	19,100		Debt	$	7,000
Costs		5,020						Equity		12,100
Net income	$	2,580		Total	$	19,100		Total	$	19,100

Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $9,500.

What is the external financing needed?