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				$	759,000
Costs					594,000
Other expenses					15,000
Earnings before interest and taxes				$	150,000
Interest expense					16,000
Taxable income				$	134,000
Taxes (30%)					40,200
Net income				$	93,800
Dividends	$	28,140
Addition to retained earnings		65,660

MOOSE TOURS, INC. Balance Sheet as of December 31, 2015
Assets				Liabilities and Owners Equity
Current assets				Current liabilities
Cash	$	21,840		Accounts payable	$	56,000
Accounts receivable		34,160		Notes payable		15,200
Inventory		71,120
				Total	$	71,200
Total	$	127,120		Long-term debt	$	142,000
Fixed assets				Owners equity
Net plant and equipment	$	363,000		Common stock and paid-in surplus	$	128,000
				Retained earnings		148,920
				Total	$	276,920
Total assets	$	490,120		Total liabilities and owners equity	$	490,120

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? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

External financing needed

$