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The most recent financial statements for Scott, Inc., appear below. Sales for 2020 are projected to grow by 30 percent. Interest expense will reman constant;

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The most recent financial statements for Scott, Inc., appear below. Sales for 2020 are projected to grow by 30 percent. Interest expense will reman constant; the tax rate and the dividend payout rate also will remain constant Costs, other expenses, current assets, foxed assets, and accounts payable Increase spontaneously with sales. SCOTT, INC. 2019 Income Statement $758,000 593,000 Sales Costs Other expenses 29,000 Earnings before Interest and taxes $136,000 Interest expense 25,000 $ 11,000 27,750 Taxable income Taxes (25%) $ 83,250 Net income $24,975 Addition to retained SCOTT, INC. Balance Sheet as of December 31, 2019 Liabi ties and Owners Equity Current llabilities Current assets $ 21,740 Accounts payable 55,900 Accounts 44,680 Notes payable 15,100 $ 71,000 102,960 Tota 169,380 Long-term debt 141,000 Total Owners' equity Common stock an pald-Hn surplus Net plant and $120,000 $434.000 -Retaned earnings $391380 Total Total llabilities and $603,30wners equity $603.380 Total assets f the firm is operating at full capacity and no new debt or equity is ssued, what external financing is needed to support the 30 percent growth rate in sales? Do not round intermediate calculations.)

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