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Income Statement Sales $ 46,100 Costs 39,630 Balance Sheet Assets $24,300 Debt $ 6,300 Equity 18,000 Net income $ 6,470 Total $24,300 Total $24,300 The

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Income Statement Sales $ 46,100 Costs 39,630 Balance Sheet Assets $24,300 Debt $ 6,300 Equity 18,000 Net income $ 6,470 Total $24,300 Total $24,300 The company has predicted a sales increase of 10 percent. It has predicted that every item on the balance sheet will increase by 10 percent as well. Create the pro forma statements and reconcile them. (Input all answers as positive values. Do not round intermediate calculations.) Assets Pro forma income statement Sales Costs Net income Pro forma balance sheet Debt Equity Total Total What is the plug variable? The plug variable is in the amount of

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