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Consider the following simplified financial statements for the Steveston Corporation (assuming no income taxes): Statement of Comprehensive Income Sales $32,000 Costs 24,408 Net income $
Consider the following simplified financial statements for the Steveston Corporation (assuming no income taxes): Statement of Comprehensive Income Sales $32,000 Costs 24,408 Net income $ 7,600 Statement of Financial Position Assets $25,300 Debt $ 5,800 Equity 19,500 Total $25,30 Total $25,300 Steveston has predicted a sales increase of 15%. It has predicted that every item on the statement of financial position will increase by 15% as well Create the pro forma statements and reconcile them (Input all amounts as positive values. Omit $ sign in your response.) Pro Forma Statement of Comprehensive Income Sales $ Costs Niet income Assets Pro Forma Statenent of Financial Position $ Debt $ Equity Total $ Total 5 Saved Income Sales Costs Net income $32,000 24,400 $ 7,600 Statement of Financial Position Assets $25,300 Debt $ 5,800 Equity 19,500 Total $25,300 Total $25,300 Steveston has predicted a sales increase of 15%. It has predicted that every item on the statement of fin 15% as well Create the pro forma statements and reconcile them. (Input all amounts as positive values. Omit $ sigr Pro Forma Statement of Comprehensive Income Sales $ Costs Assets Pro Forma Statement of Financial Position Debt Equity $ Total Net income $ Total $ What is the plug variable? The plug variable is (Click to select in the amount of $ 27
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