Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Sales $ 23,000 Assets Costs 14,200 Net income $8,800 Total $9,000 The company has predicted a sales increase of 11 percent. It has predicted that every item on the balance sheet will increase by 11 percent as well. Create the pro forma statements and reconcile them. What is the plug variable here? Multiple Choice $9,326 Balance Sheet $9,000 Debt Equity Total $9,322 $ 5,100 3,900 $9,000

Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): item on the balan sticted a saies increase of 11 percent. It has predicted that every item on the balance sheet will increase by 11 percent as well. Create the pro forma statements and reconcile them. What is the plug variable here? Multiple Choice $9,326 $9,322