The most recent financial statements for Scott, Inc., appear below. Sales for 2020 are projected to grow by 25 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				$	762,000
Costs					597,000
Other expenses					33,000
Earnings before interest and taxes				$	132,000
Interest expense					29,000
Taxable income				$	103,000
Taxes (24%)					24,720
Net income				$	78,280
Dividends	$	23,484
Addition to retained earnings		54,796

SCOTT, INC. Balance Sheet as of December 31, 2019
Assets				Liabilities and Owners Equity
Current assets				Current liabilities
Cash	$	22,140		Accounts payable	$	56,300
Accounts receivable		45,080		Notes payable		15,500
Inventory		106,960		Total	$	71,800
Total	$	174,180		Long-term debt	$	145,000
Fixed assets				Owners equity
Net plant and equipment	$	438,000		Common stock and paid-in surplus	$	122,000
				Retained earnings		273,380
				Total	$	395,380
Total assets	$	612,180		Total liabilities and owners equity	$	612,180

If the firm is operating at full capacity and no new debt or equity is issued, what external financing is needed to support the 25 percent growth rate in sales?