The most recent financial statements for Locke, Inc., are shown here: INCOME STATEMENT Sales Costs $59,000 48,700 BALANCE SHEET Debt Assets $126,900 Equity $ 40,800 86,100 Taxable income Taxes (24%) $ 10,300 2,472 Total $126,900 Total $126,900 Net income $ 7,828 Assets and costs are proportional to sales; debt and equity are not. A dividend of $3,600 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $68,440. What is the external financing needed? (Do not round intermediate calculations and enter your answer to the nearest whole number, e.g., 32.) External financing needed