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 $748.000 Costs 583.000 Other expenses 19.000 Earnings before interest and taxes $ 146.000 Interest expense 15.000 Taxable income $ 131,000 Taxes (25%) 32,750 Net Income $ 98.250 Dividends Addition to retained earnings $29,475 68,775 SCOTT, INC. Balance Sheet as of December 31, 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 20,740 Accounts payable $ 54,900 Accounts recelvable 43.680 Notes payable 14,100 Inventory 92.960 Total $ 69,000 Total $ 131,000 Fixed assets Net plant and equipment $ 157,380 Long-term debt Owners' equity Common stock and paid in $424,000 surplus Retained earnings Total $ 115.000 266,380 $ 381,380 Total assets $ 581,380 Total liabilities and owners' equity $ 581,380 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 Intermediate calculations.) EFN