Exercises #$2-$#$5-$ The most recent financial statements for Bradley, Inc. are shown below $($assuming no

income taxes$)$:

Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's

sales are projected to be $$7,280.$ Construct the pro forma statements and answer the following

questions based on the pro$-$formas:

Exercise #$2-$ Net Income $=$ $

Exercise #$3-$ Total Assets $=$ $

Exercise #$4-$ Equity $=$$

Exercise #$5-$ The External Financing Needed $=$ $