$*$I mainly need help with part c and d$*$ Consider the following simplified financial statements for the Wesney Corporation $($assuming no

income taxes$)$:

The company has predicted a sales increase of $15$ percent. Assume Wesney pays out half of net income

in the form of a cash dividend. Costs and assets vary with sales, but debt and equity do not.

a$)$ Prepare the pro forma statements $($in$-$progress version that reflects the assumptions given in

the problem, the balance sheet identity doesn't need to hold in this in$-$progress version$)$

b$)$ What is the external financing needed $($EFN$)?$

c$)$ Suppose that Wesney will not issue equity, but it will borrow money if needed. Prepare the pro forma statements $($a complete version in

which the balance sheet identity holds$)$

d$)$ Suppose that Wesney will not borrow money, but it will issue new equity if needed. Prepare the pro forma statements $($a complete

version in which the balance sheet identity holds$)$