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Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Sales $20,000 Assets Costs 14,200 Net income $5,800 Total

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Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Sales $20,000 Assets Costs 14,200 Net income $5,800 Total Balance Sheet $9,700 Debt Equity $9,700 Total $5,100 4,600 $9,700 The company has predicted a sales increase of 10 percent. It has predicted that every item on the balance sheet will increase by 10 percent as well. Create the pro forma statements and reconcile them. What is the plug variable here? Multiple Choice $5,906 $5,902 $5,920 $15 610

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