Question: Please type work and show each step. The most recent financial statements for Zoso, Inc., are shown here (assuming no income taxes): Income Statement Balance

Please type work and show each step.

The most recent financial statements for Zoso, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $4,700 Assets $15,100 Debt $10,600 Costs 3,390 Equity 4,500 Net income $1,310 Total $15,100 Total $15,100

Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,971.

Required: What is the external financing needed?

(Do not round your intermediate calculations.)

Multiple Choice $2,544 $2,419 $2,169 $2,699 $2,289

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