P4-1 Pro Forma Statements [LO1) Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Sales $22,000 Assets Costs 12,800 Net income $9,200 Total Balance Sheet $9,300 Debt Equity $9,300 Total $5,200 4,100 $9,300 The company has predicted a sales increase of 8 percent. It has predicted that every item on the balance sheet will increase by 8 percent as well. Create the pro forma statements and reconcile them. What is the plug variable here