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The most recent financial statements for GPS, Inc., are shown here: Income Statement Sales $20451 Costs...

The most recent financial statements for GPS, Inc., are shown here:

Income Statement
Sales $20451
Costs $10165
Taxable Income ?
Taxes (40%) ?
Net Income ?
Balance Sheet
Assets $57251 Debt $21944
Equity ?

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1501 was paid, and the company wishes to maintain a constant payout ratio. Next year’s sales are projected to be $27432.

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

(Omit the "$" sign and commas in your response. Enter your answer rounded to 2 decimal places. For example, $1,200.456 should be entered as 1200.46.)

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