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The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes) Income Statement Sales $4,400 Assets Costs 3,390 Net $1,010 Total

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The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes) Income Statement Sales $4,400 Assets Costs 3,390 Net $1,010 Total Income Balance Sheet $14,900 Debt Equity $14.900 Total $11,000 3,900 $14,900 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,966 What is the external financing needed? Multiple Choice $3,804 $4,059 $3,684

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