3

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

Income Statement
Sales	$39951
Costs	$23890

Balance Sheet
Assets	$57107	Debt	$34651
		Equity	?

The company has predicted a sales increase of 12 percent. It has predicted that every item on the balance sheet will increase by 12 percent as well.

What is the pro forma total equity? (after reconciling the pro forma balance sheet)

(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.)