The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes):Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next...

The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes):Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year’s sales are projected to be $6,240. What is the external financing needed?

Extracted text: Income Statement Balance Sheet Sales $4,800 Assets $14,200 Debt $ 9,900 Costs (3,180) Equity 4,300 Net income $1,620 Total $14,200 Total $14,200