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The Optical Scam Company has forecast a sales growth rate of 2 0 percent for next year. The current financial statements are shown here Income

The Optical Scam Company has forecast a sales growth rate of 20 percent for next year. The current financial statements are shown here Income Statement $ 31,800,00027,003,300 Sales Costs $ 4,796,7001,678,845 Taxable income Taxes Net income Dividends $3,117,855 $1,247,1421,870,713 Addition to retained earnings Balance Sheet Assets Liabilities and Equity $ 5,088,000 Current assets $ 7,340,000 Short-term debt Long-term debt 2,345,250 Fixed assets 19,372,000 Common stock Accumulated retained earnings $ 5,924,75013,354,000 $ 19,278,750 $ 26,712,000 Total equity Total assets$26,712,000 ot liabilities and equity a. Calculate the external financing needed for next year.

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