The most recent financial statements for Martin, Inc., are shown here: Income Statement Sales Costs Taxable income Taxes (21%) Net income $24,550 -14,730 $9,820 -2,062 $7,758 Assets Balance Sheet $93,290 Debt $33,000 Equity 60,290 Total $93,290 Total $93,290 Return to que Assets and costs are proportional to sales. Debt and equity are not. A dividend of $955 was paid, and Martin wishes to maintain a constant payout ratio. Next year's sales are projected to be $29,951. 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. $ 12,023.40 x