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The most recent financial statements for Kerch, Incorporated, are shown here ( assuming no income taxes ) : Income Statement Balance Sheet Sales $ 4

The most recent financial statements for Kerch, Incorporated, are shown here (assuming no income taxes):
Income Statement Balance Sheet
Sales $ 4,300 Assets $ 14,500 Debt $ 10,700
Costs 3,450 Equity 3,800
Net income
$ 850
Total
$ 14,500
Total
$ 14,500
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,974.
What is the external financing needed?

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