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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 24,400 Net income $

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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 24,400 Net income $ 7,600 Statement of Financial Position Assets $25,300 Debt $ 5,880 Equity 19,500 Total $25,300 Total 525, 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 S sign in your response.) Pro Forma Statement of Comprehensive Income Pro Forn Statement of Financial Position Assets Equity Niet income Total $ $ Sales Costs 5 Debt $ $ Total What is the plug variable? The plug variable is Click to see in the amount of s (Click to solid dividends paid retained eaming

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