The most recent financial statements for Martin, Inc., are shown here:

Income Statement
Sales	$29,500
Costs	17,700
Taxable income	$11,800
Taxes (21%)	2,478
Net income	$9,322

Balance Sheet
Assets	$82,600		Debt	$30,000
			Equity	52,600
Total	$82,600		Total	$82,600

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,120 was paid, and Martin wishes to maintain a constant payout ratio. Next years sales are projected to be $34,515. What is the external financing needed?