Please answer the following question

4 Student 5254 PM Sun Sep 13

< Student 5:54 PM Sun sep 13 of 12 ezto.mheducation.com Saved $756,000 591,000 27,000 $ 138,000 23,000 $ 115,000 26,450 $ 88,550 Mathway I Algebra Problem Solver Help Save & Exit Q) 750/0() Submit Connect CROSBY, INC. 2017 Income Statement Check my work 12 8.37 points eBook Print References Graw Hill Education Sales Costs Other expenses Earnings before interest and taxes Interest paid Taxable income Taxes (23%) Net income Dividends Addition to retained earnings $26,565 61,985 CROSBY, INC. Balance Sheet as of December 31, 2017 Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity $ 21,540 44,480 100,960 $ 166,980 $432,000 Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total $ 55,700 14,900 $ 70,600 $ 139,000 $ 119,000 270,380 $389,380 Total liabilities and owners' $598,980 $598,980 equity If the firm is operating at full capacity and no new debt or equity is issued, what external financing is needed to support the 20 percent growth rate in sales? (Do not round intermediate calculations.) EFN prev 12 Next