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

Income Statement				Balance Sheet
Sales	$	46,500		Assets	$	20,500		Debt	$	6,500
Costs		38,780						Equity		14,000
Net income	$	7,720		Total	$	20,500		Total	$	20,500

The company has predicted a sales increase of 14 percent. It has predicted that every item on the balance sheet will increase by 14 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?

The plug variable is

in the amount of $ .