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Consider the following simplified financial statements for the Yoo Corporation (assuming no income taxes) Income Statement Sales Costs Balance Sheet $46,900 Assets $22,700 Debt$ 6,700
Consider the following simplified financial statements for the Yoo Corporation (assuming no income taxes) Income Statement Sales Costs Balance Sheet $46,900 Assets $22,700 Debt$ 6,700 Equity 16,000 41,140 Net income 5,760 Total $22,700 $22,700 The company has predicted a sales increase of 18 percent. It has predicted that every item on the balance sheet will increase by 18 percent as well. Create the pro forma statements and reconcile them. (Input all amounts as positive values. Do not round intermediate calculations.) Pro forma income statement Pro forma balance sheet Sales 55,342 Assets 26786 Debt Costs 48,545 Equity Net income 6,797 Total 26786 Total 26786 What is the plug variable? The plug variable is (Click to select) the amount of $
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