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The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes): Income Statement Sales $4,300 Assets Costs 3,380 Net $920 Total

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The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes): Income Statement Sales $4,300 Assets Costs 3,380 Net $920 Total income Balance Sheet $14,700 Debt Equity $11,200 3,500 $14,700 Total $14,700 Assets and costs are portional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,974. What is the external financing needed

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