Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes):

The company has predicted a sales increase of 15 percent. It has predicted that every item on the balance sheet will increase by 15 percent as well. Create the pro forma statements and reconcile them. What is the plug variablehere?

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Income Statement Balance Sheet Sales $32,000 Assets $25,300 Debt 5,800 24,400 7,600 Total qulty 19 500 Net income $25,300 Total $25,300