file s Problem 4-1 Pro Forma Statements [LO1 Consider the following simplified financial statements for the Yoo Corporation (assuming no income taxes): Sales Costs $29,300 Assets$22,500 Debt$6,000 Equity 16,500 22,870 Net income $ 6,430 Total $22,500 Total $22,500 The company has predicted a sales increase of 6 percent. It has predicted that every item on the balance sheet will increase by 6 percent as well. Create the pro forma statements and recondile them. (Input all amounts as positive values. Do not round intermediate calculations.) Pro forma income statement Pro forma balance sheet Assets Debt Sales Equity Costs Total Total Net income What is the plug variable? The plug variable (Click to select) in the amount of retained earnings dividends paid References eBook & Resources