The most recent financial statements for Martin, Inc., are shown here: Income statement Sales $24,000 Coats 14,4OD Taxable income $9.600 Taxes (21%} -2,016 Net income $7,534 Balance Sheet Assets 591,200 Debt $55,000 Equity 36,200 Total $91,200 Total $91,200 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $910 was paid, and Martin wishes to maintain a constant payout ratio. Next year's sales are projected to be $28,550. What is the external financing needed? (Do not round intermediate calculations. Round your answer to 2 decimal places.) E