Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Sales $38,000 Costs 32,600 Balance Sheet Assets $27,300 Debt Equity $ 6,700 20,600 Net income $ 5,400 Total $27,300 Total $ 27,300 The company has predicted a sales increase of 15 percent. Assume Wims 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.) Pro forma balance sheet Pro forma income statement Sales Assets Costs Debt Equity Total Net income Total and equity do not. Prepare the pro forma statements. (Input all amounts as positive values. Do not round intermediate calculations.) Pro forma income statement Sales Assets Costs Pro forma balance sheet Debt Equity Total Net income Total Determine the external financing needed. (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) External financing needed