Consider the following simplified financial statements for the Wesney Corporation (assuming no income taxes). The company has predicted a sales increase of 15 percent. Assume the company 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 2 the pro forma statements and determine the external financing needed. 3 4 Input area: (Use cells A6 to D15 from the given information to complete this question.) 17 (Use cells A6 to D15 from the given information to complete this question.) 18 19 Output area: 20 Pro forma income statement Sales Costs Net income Dividends Add.to RE 27 Pro forma balance sheet Assets Total Debt Equity Total External financing needed 32 33 34