The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $4,700 Assets $14,700 Debt $10,200 Costs 3,400 Equity 4,500 Net income $1,300 Total $14,700 Total $14,700 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,977. What is the external financing needed?

Multiple Choice

$2,466

$2,621

$2,091

$2,341

$2,211