Income Statement
Sales	1000
costs	800
Taxable income	200
Tax (34%)	68
Net income	132
Dividends	44
Retained earnings	88

Balance Sheet
cash	160
Account Receivable	440
inventory	600
Current Assets	1200
Net Fixed Assets	1800
Total Assets	3000
Account Payable	300
Notes Payable	100
Current Liabilities	400
Long Term Liabilities	800
Common Stock	800
Retained Earning	1000
Total liability & Equity	3000

Sales are expected to increase by 34%

Assumption concerning the income statement:

Costs are a constant fraction of sales.

Tax rate is not change

Dividends payout ratio will remain constant.

Require: prepare Pro Forma financial statement?