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The most recent financial statements for Kerch, Incorporated, are shown here ( assuming no income taxes ) : Income Statement Balance Sheet Sales $ 5

The most recent financial statements for Kerch, Incorporated, are shown here (assuming no income taxes):
Income Statement Balance Sheet
Sales $ 5,100 Assets $ 15,300 Debt $ 10,900
Costs 3,450 Equity 4,400
Net income
$ 1,650
Total
$ 15,300
Total
$ 15,300
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,962.
What is the external financing needed?

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