The most recent financial statements for Martin, Inc., are shown here: Income Statement Sales Costs Taxable income Taxes (21%) Net income $18,000 -10,800 $7,200 -1,512 $5,688 Balance Sheet $73,800 Debt Assets Equity $40,000 33,800 $73,800 Total $73,800 Total Assets and costs are proportional to sales. Debt and equity are not. A dividend of $985 was paid, and Martin wishes to maintain a constant payout ratio. Next year's sales are projected to be $22,320. What is the external financing needed? (Do not round intermediate calculations. Round your answer to 2 decimal places.) EFN