The most recent financial statements for Kerch, Incorporated, are shown here (assuming no income taxes): Income...

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The most recent financial statements for Kerch, Incorporated, are shown here (assuming no income taxes): Income Statement Sales Costs Net income $ 4,900 3,430 Balance Sheet Assets $15,000 Debt Equity $ 10,600 4,400 $1,470 Total $ 15,000 Total $15,000 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,962. What is the external financing needed? The most recent financial statements for Kerch, Incorporated, are shown here (assuming no income taxes): Income Statement Sales Costs Net income $ 4,900 3,430 Balance Sheet Assets $15,000 Debt Equity $ 10,600 4,400 $1,470 Total $ 15,000 Total $15,000 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,962. What is the external financing needed?