Check my we 504-01 Pro Forma Statements (LO1] points Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Balance Sheet Sales $38,000 Assets $27,300 Debt $ 6,700 Costs 32,600 Equity 20,600 Net Income $ 5,400 Total $27,300 Total $ 27,300 The company has predicted a sales increase of 15 percent. It has predicted that every item on the balance sheet will increase by 15 percent as well Create the pro forma statements and reconcile them. (Input all amounts as positive values. Do not round Intermediate calculations.) Pro forma income statement Sales 43,700 37.490 Costs Pro forma balance sheet 31,395 Debt Equity Create the pro forma statements and reconcile them. (Input all amounts as positive values. Do not round Intermediate calculations.) points Assets $ Pro forma income statement Sales $ 43,700 Costs 37,490 Net income $ 6,210 Pro forma balance sheet 31,395 Debt Equity 31,395 Total 7.705 23.690 Total $ 31,395 eBook Print References What is the plug variable? in the amount or. The plug variable is in the amount of O