This shows what IS correct or incorrect Tor the work you have completed so far 2 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 $748,000 583,000 19,000 Sales Costs Other expenses Earnings before interest 146,000 and taxes 15,000 Interest expense $131,000 32,750 Taxable income Taxes (25%) $98 250 Net income Score answer 12 of 15 Prev 12 of 15 G e to search Check my work mode: This shows what is correct or incorrect for the work you have completed $157,380 Total Long-term debt $131,000 Fixed assets Net plant and equipment Owners' equity Common stock and paid-in $ 115,000 $424,000 surplus Retained earnings 266,380 Total $381,380 Total liabilities and owners' $581,380 equity Total assets $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.) Score answer> ( Prev 12 of 15 e G here to search