The Optical Scam Company has forecast a sales growth rate of 20 percent for next year. The current inancial statements are shown here Income Statement Sales Costs $ 32,400,000 28,531,000 Taxable income Taxes $3,869,000 1,354,150 Net income $ 2,514,850 Dividends Addition to retained earnings $ 1,005,940 1,508,910 Balance Sheet Assets Liabilities and Equity Current assets $ 7,400,000 Short-term debt Long-term debt $ 7,128,000 3,969,000 Fixed assets 17,872,000 Common stock Accumulated retained earnings $ 2,941,000 11,234,000 $ 14,175,000 $ 25,272,000 Total equity Total assets 25,272,000 Total liabilities and equity a. 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.) External financing needed b-1. Prepare the firm's pro forma balance sheet for next year. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Balance Sheet Short-term debt Long-term debt Assets Liabilities and equity Current assets Fixed assets Common stock Accumulated retained earnings Total equity Total assets Total liabilities and equity