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

Income Statement				Balance Sheet
Sales	$	38,400		Assets	$	23,100		Debt	$	6,100
Costs		30,760						Equity		17,000
Net income	$	7,640		Total	$	23,100		Total	$	23,100

The company has predicted a sales increase of 8 percent. It has predicted that every item on the balance sheet will increase by 8 percent as well.

Create the pro forma statements and reconcile them.

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

What is the plug variable?

The plug variable is (Click to select) dividends paid retained earnings in the amount of $ .