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4 Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes): Income Statement Sales $35963 Costs $24686 Balance Sheet Assets $50177

4

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

Income Statement

Sales

$35963

Costs

$24686

Balance Sheet

Assets

$50177

Debt

$31637

Equity

?

The company has predicted a sales increase of 14 percent. It has predicted that every item on the balance sheet will increase by 14 percent as well.

How much dividends should be paid to reconcile 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.)

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