Problem 17-11 EFN (LO4, CFA9) The most recent financial statements for Martin, Inc., are shown here Income Statement Sales Costs Taxable income Taxes (35%) $ 24,550 14,730 $ 9,820 3,437 $ 6,383 Net income Balance Sheet $ 33,000 60,290 Assets $ 93,290 Debt Equity Total $ 93,290 Total $ 93,290 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $955 was paid, and Martin wishes to maintain a constant payout ratio. Next year's sales are projected to be $29,951. What is the external financing needed? (Do not round intermediate calculations. Round your answer to 2 decimal places.) EFN