Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Sales $ 23,000 Assets Costs 14,300 Net income $ 8,700 Total 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. Multiple Choice Create the pro forma statements and reconcile them. What is the plug variable here? $9,195 $9,204 $9,217 Balance Sheet $9,500 Debt Equity $9,500 Total $19,612 $9,199 $5,500 4,000 $9,500

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 itern on the balance sheet will increase by 11 percent as well. Create the pro forma statements and reconclie them. What is the plug variable here? Multiple Choike $9,195 59,204 59.217 $19.612 $9,99