Question: Connect FINANCE Question 2 (of 2) value: 50.00 points Problem 4-2 Pro Forma Statements and EFN [LO1, 2] Consider the following simplified financial statements for
Connect FINANCE Question 2 (of 2) value: 50.00 points Problem 4-2 Pro Forma Statements and EFN [LO1, 2] Consider the following simplified financial statements for the Yoo Corporation (assuming no income taxes): Income Statement Sales Costs Balance Sheet $33,600 Assets$24,350 Debt 6,850 17,500 27,800 Equity Net income 5,800 Total $24,350 Total $24,350 The company has predicted a sales increase of 20 percent. Assume Yoo pays out halif 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. Do not round intermediate calculations and round your answers to the nearest whole dolar amount.) Pro forma income statement Pro forma balance sheet Sales Costs Assets Debt Net income Total Total
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