Cattail Corporations financial statements for the fiscal year just ended are shown below:

Cattail Corporation
Financial Statements for Fiscal Year Just Ended ($ thousands)
Income Statement				Balance Sheet
Net sales		$1,350		Assets		$780		Debt		$670
Costs		450						Equity		$110
Net income		$900		Total		$780		Total		$780

Cattail management expects sales to increase by 14 percent next year. Assume that the financial statement accounts vary directly with changes in sales and that management has no financing plan at this time. Given this information, develop a pro forma income statement for Cattail for the next fiscal year.