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 Costs Other expenses Earnings before interest and taxes Interest expense $745,000 580,000 16,000 $ 149,000 12.000 $ 137,000 30,140 Taxable income Taxes (22%) Net income $ 106,860 Dividends Addition to retained earnings $ 33,127 73,733 SCOTT, INC. Balance Sheet as of December 31, 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 20,440 Accounts payable $ 54,600 Accounts receivable 43,380 Notes payable 13,800 Inventory 89,960 Total $ 68,400 Total $ 153,780 Long-term debt $ 128,000 Fixed assets Net plant and equipment $421,000 Owners' equity Common stock and paid in surplus Retained earnings $ 113,500 264,880 Total $378,380 Total assets $574,780 Total liabilities and owners' equity $ 574,780 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? (Do not round