QUESTIONS AND PROBLEMS Basic(Questions 1-15) 1. Pro Forma Statements (L03) Consider the following simplified financial statements for the Steveston Corporation (assuming no income taxes). Statement of Comprehensive Income Statement of Financial Position Sales $32,000 Assets $25,300 Debt $ 5,800 Costs 24,400 Equity 19500 Net income $ 7,600 Total $25,300 Total $25,300 Click here for a description of Tables: Questions and Problems 1 Steveston has predicted a sales increase of 15 percent. It has predicted that every item on the statement of financial position will increase by 15 percent as well. Create the pro forma statements and reconcile them. What is the plug variable here