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Item 1 6 points eBookPrintReferencesCheck my workCheck My Work button is now enabledItem 1 Consider the following simplified financial statements for the Furukawa Corporation (

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eBookPrintReferencesCheck my workCheck My Work button is now enabledItem 1
Consider the following simplified financial statements for the Furukawa Corporation (assuming no income taxes):
Income Statement Balance Sheet
Sales $ 39,200 Assets $ 21,600 Debt $ 6,600
Costs 32,650 Equity 15,000
Net income $ 6,550 Total $ 21,600 Total $ 21,600
The company has predicted a sales increase of 16 percent. Assume 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.
Note: Input all amounts as positive values. Do not round intermediate calculations and round your answers to the nearest whole number, e.g.,32.
What is the external financing needed?
Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g.,32.

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