The most recent financial statements for Retro Machine, Inc., follow. Sales for 2021 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. RETRO MACHINE, INC. 2020 Income Statement Sales $ 759,000 Costs 594,000 Other expenses 30,000 Earnings before interest and taxes $ 135,000 Interest paid 26,000 Taxable income $ 109,000 Taxes (21%) 22,890 Net income $ 86,110 Dividends $ 26,694 Addition to retained earnings 59,416 RETRO MACHINE, INC. Balance Sheet as of December 31, 2020 Assets Liabilities and Owners Equity Current assets Current liabilities Cash $ 21,840 Accounts payable $ 56,000 Accounts receivable 44,780 Notes payable 15,200 Inventory 103,960 Total $ 71,200 Total $ 170,580 Long-term debt $ 142,000 Fixed assets Owners equity Net plant and equipment $ 435,000 Common stock and paid-in surplus $ 120,500 Retained earnings 271,880 Total $ 392,380 Total assets $ 605,580 Total liabilities and owners equity $ 605,580 If the firm is operating at full capacity and no new debt or equity is issued, what is the external financing needed to support the 20 percent growth rate in sales? (Do not round intermediate calculations.)