Solve for External financing needed!! Please!!

Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes):

Income statement	Balance Sheet
Sales $39,600 Costs $31,800 Net Income $7,800	Assets $ 23,800 Total $23,800	Debt $6,800 Equity 17,000 Total $23,800

The company has predicted a sales increase of 20 percent. Assume Fire pays out half of net income in the form of a cash dividend. Costs and assets vary with sales, but debt and equity do not.

Prepare the pro forma statements. (Round your answers to the nearest whole dollar amount.)

Pro forma income statement	Pro forma balance sheet
Sales $47520	Assets $28560	Debt $6800
Costs $38160		Equity21680
Net Income $9360	Total $28560	Total $28480

Determine the external financing needed. (Negative amount should be indicated by a minus sign.)

External financing needed $ ????????