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Item11 4 points Time Remaining 48 minutes 43 seconds00:48:43 Item 11 Time Remaining 48 minutes 43 seconds00:48:43 Consider the following simplified financial statements for the

Item11 4 points Time Remaining 48 minutes 43 seconds00:48:43 Item 11 Time Remaining 48 minutes 43 seconds00:48:43 Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Balance Sheet Sales $ 24,000 Assets $ 10,400 Debt $ 4,600 Costs 14,100 Equity 5,800 Net income $ 9,900 Total $ 10,400 Total $ 10,400 The company has predicted a sales increase of 11 percent. It has predicted that every item on the balance sheet will increase by 11 percent as well. Create the pro forma statements and reconcile them. What is the plug variable here

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