Problem $4-2$ Pro Forma Statements and EFN $[$LO$1,2]$

Consider the following simplified financial statements for the Wesney Corporation

$($assuming no income taxes$)$:

The company has predicted a sales increase of $6$ percent. Assume the company 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.

Prepare the pro forma statements. $($Input all amounts as positive values. Do not round

intermediate calculations and round your answers to the nearest whole number, e$.$g$.,$

$32.)$

What is the external financing needed? $($A negative answer should be indicated by a

minus sign. Do not round intermediate calculations and round your answer to the

nearest whole number, e$.$g$.,32.)$Problem $4-2$ Pro Forma Statements and EFN $[$LO$1,2]$

Consider the following simplified financial statements for the Wesney Corporation $($assuming no income taxes$)$:

Income Statement Balance Sheet

Sales $ $45,700$ Assets $ $21,900$ Debt $ $5,900$

Costs $40,100$ Equity $16,000$

Net income $ $5,600$ Total $ $21,900$ Total $ $21,900$

The company has predicted a sales increase of $6$ percent. Assume the company 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.

Prepare the pro forma statements. $($Input all amounts as positive values. Do not round intermediate calculations and round your answers to the nearest whole number, e$.$g$.,32.)$

Stuck on Equity and Total Debt and Equity answer.