1

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

Income Statement
Sales	$39286
Costs	$22552

Balance Sheet
Assets	$54933	Debt	$34974
		Equity	?

The company has predicted a sales increase of 8 percent. It has predicted that every item on the balance sheet will increase by 8 percent as well.

What is the pro forma net income?

(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.)