The most recent financial statements for Scott, Inc., appear below. Sales for 2020 are projected to grow by 20 percent. Interest expense will remain constant; the tax rate and the dividend payout rate also will remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. SCOTT, INC. 2019 Income Statement Sales Costs Other expenses $756,000 591,000 27,000 $ 138,000 Earnings before interest and taxes Interest expense 23,000 Taxable income Taxes (23%) $ 115,000 26,450 Net income $ 88,550 Dividends Addition to retained earnings $26,565 61,985 SCOTT, INC. Balance Sheet as of December 31, 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 21,540 Accounts payable $ 55,700 Accounts receivable 44,480 Notes payable 14,900 Inventory 100,960 Total $ 70,600 Total $ 166,980 Long-term debt $ 139,000 Fixed assets Net plant and equipment $ 432,000 Owners' equity Common stock and paid-in $ 119,000 surplus Retained earnings 270,380 Total $ 389,380 Total assets $598,980 Total liabilities and owners' equity $598,980 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.) EFN