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Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Balance Sheet Sales $ 47,300 Assets $ 24,900 Debt

Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes):

Income Statement Balance Sheet
Sales $ 47,300 Assets $ 24,900 Debt $ 6,900
Costs 40,670 Equity 18,000
Net income $ 6,630 Total $ 24,900 Total $ 24,900

The company has predicted a sales increase of 20 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 dollar amount.)

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Assets Pro forma income statement Sales Costs Net income Pro forma balance sheet Debt Equity Total Total

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