Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Sales $33,200 Costs 25,440 Assets Balance Sheet $22,150 Debt Equity $ 6,650 15,500 Net income $ 7,760 Total $22,150 Total $22,150 The company has predicted a sales increase of 16 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.) Pro forma balance sheet Pro forma income statement Sales Assets Debt Costs Equity Total Net income Total What is the external financing needed? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) External financing needed