Consider the following simplified financial statements for the WimsCorporation (assuming no income taxes):

Income Statement

Sales$33,600

Costs27,800

Net income$5,800

Balance Sheet

Assets$24,350 Debt$6,850

Equity17,500

Total$24,350 Total$24,350

The company has predicted a sales increase of 20 percent. It has predicted that every item on the balance sheet will increase by 20 percent as well.

Create the pro forma statements and reconcile them.(Input all answers as positive values. Do not round intermediate calculations.)

Pro forma income Statement

Sales =

Cost =

Net Income =

Pro forma balance sheet

Assets = Debt =

Equity =

Total = Total =

What is the plug variable?

The plug variable is (dividends paid/retained earnings)

in the amount of _____________