2 33 nts eBook Hint Print References Consider the following simplified financial statements for the Wesney Corporation (assuming no income taxes): Income Statement Sales Costs $ 33,600 27,800 Net income $5,800 Assets Total Sales Costs Net income Balance Sheet $ 24,350 Pro forma income statement $ 24,350 Debt Equity Total The company has predicted a sales increase of 20 percent. Assume the company pays out half of net income in the form of a cash dividend. Costs and assets vary with sales, but debt and equity do not. Assets Prepare the pro forma statements. (Input all amounts as positive values. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) $ 6,850 17,500 $ 24,350 Total Assets Pro forma balance sheet Debt Equity Total Debt and Equity

Consider the following simplified financial statements for the Wesney Corporation (assuming no income taxes): The company has predicted a sales increase of 20 percent. Assume the company pays out half of net income in the form of a cash dividend. Costs and assets vary with sales. but debt and equity do not: Prepare the pro forma statements. (Input all amounts as positive values. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)