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

Income Statement				Balance Sheet
Sales	$	45,700		Assets	$	21,900		Debt	$	5,900
Costs		40,100						Equity		16,000
Net income	$	5,600		Total	$	21,900		Total	$	21,900

The company has predicted a sales increase of 6 percent. Assume Fire 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. (Round your answers to the nearest whole dollar amount.)

Pro forma income statement			Pro forma balance sheet
Sales	$		Assets	$		Debt	$
Costs						Equity
Net income	$		Total	$		Total	$

Determine the external financing needed. (Negative amount should be indicated by a minus sign.)

External financing needed

$