Question: 1: The most recent Financial Statement for Watchtower Inc. are shown here (Assume no income taxes) Income Statement Sales $5100 Cost $3400 Net Income $1

1: The most recent Financial Statement for Watchtower Inc. are shown here (Assume no income taxes)

Income Statement

Sales

$5100

Cost

$3400

Net Income

$1700

Balance sheet

Assets

Liabilities and Owners Equity

Assetss 14500

Debt 10, 200

Equity 4300

Total Assets 14500

Total 14500

Assets and costs are proportional to sales, Debt and Equity are not. No dividends are paid, next year slaes are projected to be $ 5967. What is the External Financing needed?

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