The most recent financial statements for Martin, Inc., are shown here: Income Statement Sales $22,000 Costs -13,200 Taxable income $8,800 Taxes (21%) -1,848 Net income $6,952 Balance Sheet Assets $61,600 Total $61,600 Debt Equity Total $25,000 36,600 $61,600 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $880 was paid, and Martin wishes to maintain a constant payout ratio. Next year's sales are projected to be $25,740. What is the external financing needed? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) EFN The most recent financial statements for Martin, Inc., are shown here: Income Statement Sales Costs Taxable income Taxes (21%) Net income $22,000 -13, 200 $8,800 -1,848 $6,952 Balance Sheet Assets $61,600 Total $61,600 Debt Equity Total $25,000 36,600 $61,600 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $880 was paid, and Martin wishes to maintain a constant payout ratio. Next year's sales are projected to be $25,740. What is the external financing needed? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) EFN The most recent financial statements for Martin, Inc., are shown here: Income Statement Sales $22,000 Costs -13,200 Taxable income $8,800 Taxes (21%) -1,848 Net income $6,952 Balance Sheet Assets $61,600 Total $61,600 Debt Equity Total $25,000 36,600 $61,600 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $880 was paid, and Martin wishes to maintain a constant payout ratio. Next year's sales are projected to be $25,740. What is the external financing needed? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) EFN The most recent financial statements for Martin, Inc., are shown here: Income Statement Sales Costs Taxable income Taxes (21%) Net income $22,000 -13, 200 $8,800 -1,848 $6,952 Balance Sheet Assets $61,600 Total $61,600 Debt Equity Total $25,000 36,600 $61,600 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $880 was paid, and Martin wishes to maintain a constant payout ratio. Next year's sales are projected to be $25,740. What is the external financing needed? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) EFN