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 $744,000 579,000 15,000 Earnings before interest and taxes Interest expense $ 150,000 11,000 Taxable income Taxes (21%) $ 139,000 29,190 Net income $ 109,810 Dividends Addition to retained earnings $32,943 76,867 SCOTT, INC. Balance Sheet as of December 31, 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 20,340 Accounts payable $ 54,500 Accounts receivable 43,280 Notes payable 13,700 Inventory 88,960 Total $ 68,200 Total $ 152,580 Long-term debt $ 127,000 Fixed assets Net plant and equipment $420,000 surplus Owners' equity Common stock and paid-in $ 113.000 Retained earnings 264,380 Total $ 377,380 Total assets $572,580 Total liabilities and owners' equity $572,580 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