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Lab 4 Saved Help Save 2 Consider the following simplified financial statements for the Steveston Corporation (assuming no income taxes): 10 points Statement of Comprehensive

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Lab 4 Saved Help Save 2 Consider the following simplified financial statements for the Steveston Corporation (assuming no income taxes): 10 points Statement of Comprehensive Income Sales $32,000 Costs 24,400 Niet income $ 7,600 Statement of Financial Position Assets $ 25, 300 Debt $ 5,800 Equity 19,500 Total $25,300 Total $25,300 eBook Print References Steveston has predicted a sales increase of 15%. Assume Steveston 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. (Input all amounts as positive values. Omit S sign in your response.) Pro forma Statement of Comprehensive Incone Sales $ 36800 Costs 28060 Net Income $ 8740 Assets $ Pro forna Statement of Financial Position $ 29095 Debt Equity $ 29095 Total $ 5800 19500 Total Determine the external financing needed (Negative amount should be indicated by a minus sign. Omit $ sign in your response.) External financing needed

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