The most recent financial statements for Martin, Inc., are shown here: Income Statement Sales $20,200 Costs -12,120 Taxable income $8,080 Taxes (21%) -1,697 Net income $6,383 Balance Sheet Assets $56,560 Debt $20,000 Equity 36,560 Total $56,560 Total $56,560 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $925 was paid, and Martin wishes to maintain a constant payout ratio. Next year's sales are projected to be $24,240. What is the external financing needed? (Do not round intermediate calculations. Round your answer to 2 decimal places.) EFN Answer is complete but not entirely correct. 1,693.00