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The most recent financial statements for Hornick, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $ 8,300 Assets $23,200 Debt

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

Income Statement Balance Sheet Sales $ 8,300 Assets $23,200 Debt 5,490 $ 9,000 Equity 14,200 Net income 2,810 Total $23,200 Tot$23,200 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $9,545. What is the external financing needed? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16

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