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

Income Statement				Balance Sheet
Sales	$	46,900		Assets	$	22,700		Debt	$	6,700
Costs		41,140						Equity		16,000
Net income	$	5,760		Total	$	22,700		Total	$	22,700

The company has predicted a sales increase of 18 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

$