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Consider the following simplified financial statements for the Yoo Corporation (assuming no income taxes): Income Statement Balance Sheet Sales $ 30,900 Assets $ 25,450 Debt

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

Income Statement Balance Sheet
Sales $ 30,900 Assets $ 25,450 Debt $ 6,950
Costs 23,060 Equity 18,500
Net income $ 7,840 Total $ 25,450 Total $ 25,450

The company has predicted a sales increase of 12 percent. It has predicted that every item on the balance sheet will increase by 12 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 $ Assets $ Debt $
Costs Equity
Net income $ Total $ Total $

What is the plug variable, Dividend Paid or Retained Earnings?

What is the amount?

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