Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Balance Sheet Sales $47,300 Assets $24,900 Debt 6,900 Equity 18,000 points Costs 40,670 Net $ 6,630 $24,900 Tal $24,900 ncome The company has predicted a sales increase of 20 percent. Assume the company pays out half of net income in the form of a cash dividend. Costs and assets vary with sales, but debt and equity do not. Prepare the pro forma statements. (Input all amounts as positive values. Do not round intermediate calculations and round your answers to the nearest whole dollar amount.) Answer is complete but not entirely correct. Pro forma income statement Sales Costs Net income Pro forma balance sheet 5760Asts $29,880Debt 48,804 5,520 21,600 29,880 Equity $7 ,956Total $ 29,880Total Mc Graw Prey1 of 3 Next