The most recent financial statements for Locke, Inc., are shown here: INCOME STATEMENT BALANCE SHEET Sales Costs $63,000 52,300 Assets $133,300 $ 44,400 88,900 Debt points Equity Taxable $ 10,700 Total $133,300 Total $133,300 income Taxes (23%) 2,461 Net $ 8,239 income Assets and costs are proportional to sales; debt and equity are not. A dividend of $4,000 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $73,08O. What is the external financing needed? (Do not round intermediate calculations and enter your answer to the nearest whole number, e.g., 32.) Answer is complete but not entirely correct.

Check my work mode: This shows what is correct or incorrect for the work you have completed soul Return to question 4 The most recent financial statements for Locke, Inc. are shown here: INCOME STATEMENT BALANCE SHEET Sales $63.000 Assets $133,300 Debt $ 44,400 Costs 52.300 Equity 88.900 Taxable $10700 Total $133,300 Total $133,300 income Taxes (231) 2,461 Net Income $ 8.239 Assets and costs are proportional to sales, debt and equity are not. A dividend of $ was paid, and the company wishes to maintain a constant payout ratio, Next year's sales are projected to be $73,080 What is the external financing needed? (Do not round Intermediate calculations and enter your answer to the nearest whole number, e-9.32.) Answer is complete but not entirely correct