Pro Forma Statements [LO1] Consider the following simplified financial statements for the Yoo Corporation (assuming no income taxes):

The company has predicted a sales increase of 15 percent. It has predicted that every item on the balance sheet will increase by 15 percent as well. Create the pro forma statements and reconcile them. What is the plug variable here?

Income Statement Sales $30,000 Assets Costs 29,800 Net income 6,200 Total Balance Sheet $26,400 Debt Equity $26,400 Total 6,300 20,100 $26,400