value: 1.87 points MC Qu. 89 A firm has current sales of... A firm has current sales of $32,000. Projected sales for next year are $35,520. The percentage of sales approach is used for pro forma purposes. All balance sheet accounts, except long-term debt and common stock, change according to that approach. The expected increase in retained earnings is $2,200. What is the projected external financing need given the following current account values S 8.700 19.300 4,900 9.300 3,600 9.200 Current assets Net fixed assets Current liabilities Long-term debt Common stock Retained earnings O S3,532 O -51,969 O -S1,390 O $231 $1,341