Consider the following simplified financial statements for the

Yoo Corporation. Assume there are no income taxes and the company 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 and determine the external financing needed Income statement Balance sheet $ $36,00029,80001200$ Assets $ $26,400$ Debt Sales Costs Net income S $6,300$ Equity$201$ Total $ $26,400$ Total $ $26,400$ Sales increase Payout rate $15\%50\%$ Complete the following analysis. Do not hard code values in your calculations Pro forma income statement Sales Costs Net income Pro forma balance sheet Assets Debt Equity Total Dividends Add. To RE External financing needed