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

Income Statement
Sales	$28,000
Costs	16,800
Taxable income	$11,200
Taxes (21%)	2,352
Net income	$8,848

Balance Sheet
Assets	$114,800		Debt	$60,000
			Equity	54,800
Total	$114,800		Total	$114,800

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $895 was paid, and Martin wishes to maintain a constant payout ratio. Next years sales are projected to be $33,040. What is the external financing needed? (Do not round intermediate calculations. Round your answer to 2 decimal places.)