The most recent financial statements for Kerch, Incorporated, are shown here (assuming no income taxes): Income Statement Sales Costs Net income Balance Sheet $ 4,500 Assets $14,600 Debt $ 10,400 3,470 Equity 4,200 $1,030 Total $14,600 Total $14,600 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,975. What is the external financing needed?