The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes): Income Statement Sales $6,500 Assets $23,500 Debt $ 9,500 Costs Balance Sheet 4.610 Equity 14,000 Net s 1890 Total $23,500 Total $23,500 income Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $7150 What is the external financing needed? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) 3 Answer is complete but not entirely correct. External financing needed s 25 850 00