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The most recent financial statements for Marpole Inc., are shown here (assuming no income taxes): Statement of Comprehensive Income Sales Costs Net income $ 6,700
The most recent financial statements for Marpole Inc., are shown here (assuming no income taxes): Statement of Comprehensive Income Sales Costs Net income $ 6,700 4,170 $ 2,530 Assets Total Statement of Financial Position $ 22,050 $ 22,050 Debt Equity Total $ 8,050 14,000 $ 22,050 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $7,906. What is the external financing needed? (Do not round intermediate calculations and round your final answer to 2 decimal places. Omit $ sign in your response.) External financing needed
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