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The most recent financial statements for Incredible Edibles, Inc., are shown here (assuming no income taxes): INCOME STATEMENT BALANCE SHEET Sales $ 8,300 Assets $

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

INCOME STATEMENT BALANCE SHEET
Sales $ 8,300 Assets $ 23,200 Debt $ 9,000
Costs 5,490 Equity 14,200
Net income $ 2,810 Total $ 23,200 Total $ 23,200

Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $9,545. What is the external financing needed?

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