Chapter 3 HW Saved Help Save & Exit Submit Check my work 1 The most recent financial statements for Bello, Inc., are shown here: Income Statement $40,800 27,600 Balance Sheet Debt $ 45,000 Assets $151,000 Sales Equity Costs 106,000 2 polnts Taxable $13,200 Total $151,000 Total $151,000 income eBook Taxes (21%) 2,772 Net income $10,428 Print References Assets and costs are proportional to sales, debt and equity are not. A dividend of $3,600 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $46,512 What is the external financing needed? (Do not round intermediate calculations.) External financing needed