Question: Pro forma question. Please help. Consider the following simplified financial statements for the Phillips Corporation (assuming no income Phillips has predicted a sales increase of

Pro forma question. Please help.

Pro forma question. Please help. Consider the following simplified financial statements for

Consider the following simplified financial statements for the Phillips Corporation (assuming no income Phillips has predicted a sales increase of 10 percent. It has predicted that every item on the balance sheet will increase by 10 percent as well. Create the pro forma statements and reconcile them (Do not include the dollar signs ($). Round your answers to the nearest whole dollar amount. (e.g., 32)) The plug variable here is (Click to select) in the amount of $

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