The most recent financial statements for Mixton, Incorporated, are shown here:

INCOME STATEMENT BALANCE SHEET

Sales $ $54,000$ Assets $ $118,900$ Debt $ $36,300$

Costs $44,200$ Equity $82,600$

Taxable income $ $9,800$ Total $ $118,900$ Total $ $118,900$

Taxes $(24\%)2,352$

Net income $ $7,448$

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $$3,100$ was paid, and the company wishes to maintain a constant payout ratio. Next year$$s sales are projected to be $$62,100.$ What is the external financing needed?