The most recent financial statements for Martin, Inc., are shown here: Income Statement: Sales Costs Taxable income Taxes (21%) Net income $20,500 -12,300 $8,200 -1,722 $6,478 Balance Sheet Assets $77,900 Total $77,900 Debt Equity Total $33,000 44,900 $77,900 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $865 was paid, and Martin wishes to maintain a constant payout ratio. Next year's sales are projected to be $23,780. What is the external financing needed? (Do not round intermediate calculations. Round your answer to 2 decimal places.) EFN