The Optical Scam Company has forecast a sales growth of 25 percent for next year. The current financial statements are shown here: Income Statement Sales Costs Taxable income Taxes Net Income Dividends Addition to retained earnings Assets Current assets $ 7,270,000 17,299,000 Fixed assets $1,226,602 1,839,903 Total assets $ 24,569,000 External financing needed S 31,100,000 26,382,300 $ $ 4,717,700 1,651,195 $ 3,066,505 Balance Sheet Llabilities and Owners' Equity Accounts payable Long-term debt Common stock Accumulated retained earnings Total equity Total liabilities and equity 2,287,371 $ 6,220,000 4,354,000 a. Using the equation from the chapter, calculate the external financing needed for next year (Do not round Intermediate calculations and round your answer to the nearest whole number, e.g., 32.) $ 2,516,000 11,479,000 $ 13,995,000 $24,569,000

The Optical Scam Company has forecast a sales growth of 25 percent for next year. The current financial statements are shown here: o. Using the equation from the chapter, calculate the external financing needed for next year. (Do not round Intermedlate calculations and round your answer to the nearest whole number, e.g., 32.)