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Consider the following simplified financial statements for the Yoo Corporation (assuming no income taxes): Income Statement Balance Sheet Sales $ 39,200 Assets $ 21,600 Debt

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

Income Statement Balance Sheet
Sales $ 39,200 Assets $ 21,600 Debt $ 6,600
Costs 32,650 Equity 15,000
Net income $ 6,550 Total $ 21,600 Total $ 21,600

The company has predicted a sales increase of 16 percent. Assume Yoo pays out half of net income in the form of a cash dividend. Costs and assets vary with sales, but debt and equity do not.

Prepare the pro forma statements.(Input all amounts as positive values.Do not round intermediate calculations and round your answers to the nearest whole dollar amount.)

Pro forma income statement Pro forma balance sheet
Sales $ Assets $ Debt $
Costs Equity
Net income $ Total $ Total $

What is the external financing needed?(Do not round intermediate calculations. Negative amount should be indicated by a minus sign.)

External financing needed $

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