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Consider the following simplified financial statements for the Wesney Corporation (assuming no income taxes): Income Statement Sales $ 39,400 Assets Costs 34,700 Balance Sheet $

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Consider the following simplified financial statements for the Wesney Corporation (assuming no income taxes): Income Statement Sales $ 39,400 Assets Costs 34,700 Balance Sheet $ 29,200 Debt Equity $ 9,400 19,800 Net Income $ 4.700 Total $ 29,200 Total $ 29,200 The company has predicted a sales increase of 15 percent. Assume Wesney 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. (Input all amounts as positive values. Do not round intermediate calculations and round your answers to the nearest whole number, e.g. 32.) Assets S Pro forma income statement Sales $ 45,310 Costs 39,905 Not income S 5,405 9.400 Pro forma balance sheet 33,580 Debt Equity 33,580 Total Debt and Equity Total Assets Prepare the pro forma statements. (Input all amounts as positive values. Do not round Intermediate calculations and round your answers to the nearest whole number, e.g. 32.) Pro forma balance sheet Assets Pro forma Income statement Sales $ 45,310 Costs 39.905 Net income $ 5.405 $ $ 9.400 33 580 Debt Equity 33,580 Total Debt and Equity Total Assets $ Determine the external financing needed. (Input all amounts as positive values. Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32.) External financing needed

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