Question: Proforma balance sheet for the upcoming year is given. The estimated net income is $2,621.60. If the company is planning to pay $500 dividends, what

Proforma balance sheet for the upcoming year is given. The estimated net income is $2,621.60. If the company is planning to pay $500 dividends, what should be the external financing needs (EFN)?
Proforma Balance Sheet
Assets $20,972.80
Total $20,972.80
Debt $11,000.00
Equity $10,181.60
Total $21,181.60

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