Question $26$

$5$ pts

$\backslash$table$[[$Income Statement,Balance Sheet$],[$Sales$,,$$$44,200,$Assets,$$23,450,$Debt,$$7,793],[$Costs$,,32,150,,*,$Equity,$15,657],[$Net income,,$$12,050,$Total,$$23,450,$Total,$$23,450]]$

Zoe Industries posted the above financial results for the most recent fiscal year. The CFO forecasts a $13\mathrm{.}00\%$ growth rate, and the firm maintains a constant $57\%$ retention ratio. Using the simple financial planning model, construct the firm's pro forma financial statements and calculate the external financing need.

$$ $$2,807$

$-$$$2,807$

$$4,713$

$-$$$4,713$