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

Income Statement				Balance Sheet
Sales	$	39,600		Assets	$	23,800		Debt	$	6,800
Costs		31,800						Equity		17,000
Net income	$	7,800		Total	$	23,800		Total	$	23,800

The company has predicted a sales increase of 20 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???????????

$