The most recent financial statements for Moose Tours, Inc., appear below. Sales for 2016 are projected to grow by 20 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales.

MOOSE TOURS, INC. 2015 Income Statement
Sales				$	760,000
Costs					595,000
Other expenses					16,000
Earnings before interest and taxes				$	149,000
Interest expense					17,000
Taxable income				$	132,000
Taxes (30%)					39,600
Net income				$	92,400
Dividends	$	18,480
Addition to retained earnings		73,920

MOOSE TOURS, INC. Balance Sheet as of December 31, 2015

ASSETS LIABILITIES AND OWNERS' EQUITY

Current assets		Current Liabilites
Cash	21940	Accounts payable	56100
Accounts receivable	34260	Notes payable	15300
Inventory	71220
		Total	71400
Total	127420
		Long-term Debt	143000
Fixed Assets
Net Plant and Equipment	420000	Owners' Equity
Total Assets	547420	Common Stock and Paid-in Surplus	129000
		Retained Earnings	204020
		Total	333020
		Total Liabilities and Owners' Equity	547420

If the firm is operating at full capacity and no new debt or equity is issued, what external financing is needed to support the 20 percent growth rate in sales?