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11) Use the below information to answer the following question Income Statement For the Year...

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11) Use the below information to answer the following question Income Statement For the Year $42,700 29,250 3,750 9,700 ales of goods sold preciation s before interest and taxes nterest paid axable income axes et income $8,340 2,840 $5.500 Dividends $1,925 Balance Sheet End-of-Year 13 1,320 3,780 10,200 $15,300 33,600 $48,900 sh receivable nventory otal current assets t fixed assets otal assets ts payable ong-term debt ommon stock ($1 par value) etained earnings otal Liab. & Equity $3,650 18,100 15,000 12,150 $48,900 Assume this firm is operating at full capacity. Also assume that assets, costs, and current dividend prrout ratio is constant. What is the external financing need if sales increase by i4 percent? directly with sa

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