The most recent financial statements for Kerch, Incorporated, are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $ 4,800 Assets $ 15,500 Debt $ 10,900 Costs 3,380 Equity 4,600 Net income $ 1,420 Total $ 15,500 Total $ 15,500 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,964. What is the external financing needed?

The most recent financial statements for Kerch, Incorporated, are shown here (assuming no income taxes): Income Statement Sales $ 4,800 Costs 3,380 Net $ 1,420 income Balance Sheet Assets $ 15,500 Debt Equity $ 10,900 4,600 Total $ 15,500 Total $ 15,500 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,964. What is the external financing needed