The most recent financial statements for Locke, Inc., are shown here: INCOME STATEMENT BALANCE SHEET Sales $ 61,000 Assets $130,100 Debt $42,600 Equity 87,500 Costs 50,500 Taxable $ 10,500 Total $130,100 Total $130,100 income Taxes (21%) 2,205 Net income $ 8,295 Assets and costs are proportional to sales; debt and equity are not. A dividend of $3,800 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $73,200. 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 $ 22,664