Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Balance Sheet $9,900 Debt Equity Net income Total $9.900 Total 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? Income Statement Sales Costs $25,000 12,600 $ 12,400 Assets $5,200 4,700 $ 9,900

Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Ine company nas predicted a saies 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