Before you Begin:

Additional Information to solve the question:

$1.$ Increase in Sales Percentage will be assumed to apply only to COGS on the Income Statement.

$2.$ Depreciation and Amortization, Change in Operating Assets, Change in Current Liabilities, and Dividends Paid are constant.

$3.$ Net Additions to Property, Change to Other Assets, and Change in Long$-$term Debt are $$0\mathrm{.}00.$

Question:

Amounts are in thousands of dollars $($except number of shares and price per share$)$:

Kiwi Fruit Company Balance Sheet

Cash and equivalents $ $570$

Operating assets $650$

Property, plant, and equipment $2,700$

Other assets $110$

Total assets $ $4,030$

Current liabilities $ $920$

Long$-$term debt $1,280$

Other liabilities $120$

Total liabilities $ $2,320$

Paid in capital $ $340$

Retained earnings $1,370$

Total equity $ $1,710$

Total liabilities and equity $ $4,030$

Kiwi Fruit Company Income Statement

Net sales $ $7,800$

Cost of goods sold $(5,900)$

Gross profit $ $1,900$

Operating expense $(990)$

Operating income $ $910$

Other income $105$

Net interest expense $(200)$

Pretax income $ $815$

Income tax $(285)$

Net income $ $530$

Earnings per share $ $2\mathrm{.}00$

Shares outstanding $265,000$

Recent price $ $34\mathrm{.}50$

Kiwi Fruit Company Cash Flow Statement

Net income $ $530$

Depreciation and amortization $175$

Changes in operating assets $(90)$

Changes in current liabilities $(120)$

Operating cash flow $ $495$

Net additions to properties $ $180$

Changes in other assets $(80)$

Investing cash flow $ $100$

Issuance$/$redemption of long$-$term debt $ $(190)$

Dividends paid $(220)$

Financing cash flow $ $(410)$

Net cash increase $ $185$

Prepare a pro forma income statement, balance sheet, and cash flow statement for Kiwi Fruit assuming a $10$ percent increase in sales. $($Leave no cells blank $-$ be certain to enter $"0"$ wherever required. Negative amounts should be indicated by a minus sign. Input all amounts as thousands of dollars. Round earnings per share to $2$ decimal places. Omit the $"$$$"$ sign in your response.$)$

Kiwi Fruit Company Pro Forma Income Statement

Net sales $

Cost of goods sold

Gross profit $

Operating expense

Operating income $

Other income

Net interest expense

Pretax income $

Income tax

Net income $

Earnings per share $

Shares outstanding

Kiwi Fruit Company Pro Forma Cash Flow Statement

Net income $

Depreciation and amortization

Changes in operating assets

Changes in current liabilities

Operating cash flow $

Net additions to property $

Changes in other assets

Investing cash flow $

Issuance$/$redemption of long$-$term debt $

Dividends paid

Financing cash flow $

Net cash increase $

Kiwi Fruit Company Pro Forma Balance Sheet

Cash and equivalents $

Operating assets

Property, plant, and equipment

Other assets

Total assets $

Current liabilities $

Long$-$term debt

Other liabilities

Total liabilities $

Paid in capital $

Retained earnings

Total equity $

Total liabilities and equity $