The most recent financial statements for Hornick, Inc., are shown below $($assuming no income taxes$).$ Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $$8,968.$ What is the external financing needed?

$\backslash$table$[[$Income statement,Balance sheet$],[$Sales$,$$$,7,600,$Assets,$$,21,700,$Debt,$$,9,100],[$Costs$,,5,180,,,,$Equity,,$12,600],[$Net income,$$,2,420,$Total,$$,21,700,$Total,$$,21,700],[$Next year's sales,$$,8,968,,,,,,]]$

Complete the following analysis. Do not hard code values in your calculations.

Percent increase in sales

Pro forma income statement

Sales

Costs

Net income $$

Pro forma balance sheet

$\backslash$table$[[$Assets$,$Debt$],[,$Equity$],[$Total$,$Total$]]$