Problem $4-4$ EFN $[$LO$2]$

The most recent financial statements for Monochrome, Incorporated, are shown here:

Income Statement Balance Sheet

Sales $ $26,600$ Assets $ $64,400$ Debt $ $29,000$

Costs $17,850$ Equity $35,400$

Taxable income $ $8,750$ Total $ $64,400$ Total $ $64,400$

Taxes $(24\%)2,100$

Net income $ $6,650$

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $$2,600$ was paid, and the company wishes to maintain a constant payout ratio. Next year$$s sales are projected to be $$30,324.$ What is the external financing needed?

Note: Do not round intermediate calculations and round your answer to the nearest whole number, e$.$g$.,32.$