Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Sales $ 22,000 Costs 13,900 Net income $ 8,100 Total $9,300 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 $8,518 $8,499 Balance Sheet Debt $8,504 Assets $ 9,300 Equity Total $5,000 4,300 $ 9,300

Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): 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 $8,518 $8,499 $8,504