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 $753,000 Costs 588,000 Other expenses 24,000 Earnings before interest and taxes Interest expense $ 141,000 20,000 Taxable income Taxes (25%) $ 121,000 30,250 Net income $ 90,750 Dividends Addition to retained earnings $28,133 62,617 SCOTT, INC. Balance Sheet as of December 31, 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 21,240 Accounts payable $ 55,400 Accounts receivable 44,180 Notes payable 14,600 Inventory 97,960 Total $ 70,000 Total $ 163,380 Long-term debt $ 136,000 Fixed assets Net plant and equipment $429,000 Owners' equity Common stock and paid-in surplus Retained earnings $ 117,500 268,880 Total $386,380 SCOTT, INC. Balance Sheet as of December 31, 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 21,240 Accounts payable $ 55,400 Accounts receivable 44,180 Notes payable 14,600 Inventory 97,960 Total $ 70,000 Total $ 136,000 Fixed assets Net plant and equipment $ 163,380 Long-term debt Owners' equity Common stock and paid-in $429,000 surplus Retained earnings $ 117,500 268,880 Total $386,380 Total assets $592,380 Total liabilities and owners' equity $592,380 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 $ 27,266