Using the companys Income Statement and Balance Sheet: Income Statement Balance Sheet Sales $4,700 Assets $15,300 Debt $10,300 Costs 3,440 Equity 5,000 Net income $1,260 Total $15,300 Total $15,300 ________________________________________ Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,958. What is the external financing needed (EFN)? Hint: First calculate the percentage increase in sales and remember your assets will increase by this percentage amount.