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 $ 747,000 582,000 18,000 $ 147,000 Earnings before interest and taxes Interest expense 14,000 Taxable income Taxes (24%) $ 133,000 31,920 Net income $ 101,080 $ 31,335 Dividends Addition to retained earnings 69,745 Current assets Cash Accounts receivable $ 20,640 43,580 Current liabilities Accounts payable Notes payable $ 54,800 14,000 Inventory 91,960 Total $ 68,800 Total $ 156,180 Long-term debt $ 130,000 Fixed assets Net plant and equipment $423,000 Owners' equity Common stock and paid-in surplus Retained earnings $ 114,500 265,880 Total $380,380 Total assets $ 579,180 Total liabilities and owners' equity $ 579,180 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