Chapter 17 Saved Help Save & Exlt Submit Check my work 14 The most recent financial statements for Martin, Inc., are shown here: 10 points Income Statement Sales $ 29,500 Costa (18,000) Taxable income $ 11,500 Taxes (348) (3,910) Net income $ 7,590 eBook Assets Print Balance Sheet $ 82,600 Debt Equity $ 82,600 Total $ 30,000 52,600 $ 82,600 Total References Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,165 was paid, and Martin wishes to maintain a constant payout ratio. Next year's sales are projected to be $33,630. What is the external financing needed? (Do not round intermediate calculations. Round your answer to 2 decimal places.) *