The most recent financial statements for Moose Tours, Inc., appear below. Sales for 2016 are projected to grow by 25 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 Costs Other expenses $763,000 598,000 19,000 Earnings before interest and taxes Interest expense $146,000 10,000 Taxable income Taxes (20%) $136,000 27,200 Net income $ 108,800 $21,760 87,040 Addition to retained earnings MOOSE TOURS, INC. Balance Sheet as of December 31, 2015 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash Accounts receivable Inventory S 22,240 Accounts payable 56,400 34,560 Notes payable 71,520 15,600 s 72,000 146,000 Total Total 128,320 Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Net plant and equipment $420,000 $132,000 198,320 330,320 $548,320 Total Total assets $548,320 Total liabilities and owners' equity If the firm is operating at full capacity and no new debt or equity is issued, what external financing is needed to support the 25 percent growth rate in sales? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g, 32) External financing needed