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

Income Statement
Sales	$	18,000
Costs		(10,800)
Taxable income	$	7,200
Taxes (35%)		(2,520)
Net income	$	4,680

Balance Sheet
Assets	$	73,800		Debt	$	40,000
				Equity		33,800
Total	$	73,800		Total	$73,800

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $985 was paid, and Martin wishes to maintain a constant payout ratio. Next years sales are projected to be $22,320. What is the external financing needed? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

EFN

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