Consider the following simplified financial statements for the Widdig Corporation (assuming no income taxes): $30,100 Assets $21,050 Debt Income Statement Balance Sheet Sales $6,550 Costs 24,380 Equity 14,500 Net income $5,720 Total $ 21,050 Total $ 21,050 The company has predicted a sales increase of 14 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 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 income statement Sales Costs Net income $ Answer is complete but not entirely correct. Pro forma balance sheet 34,314 Assets $ 23,997 Debt 27,793 Equity 6,521 Total Assets $ 23,997 Total Debt and Equity What is the external financing needed? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Answer is not complete. External financing needed $ 7,410 16,530 X 23,940