Problem 4-1 Pro Forma Statements [LO1] Consider the following simplified financial statements for the Wims Corporation (assuming no Income taxes): Income Statement $39,200 32,650 Balance Sheet Assets $21,600 Sales $ 6,600 15.000 Debt Costs Equity Net $ 6,550 Total $21,600 Total $21,600 Income The company has predicted a sales Increase of 16 percent. It has predicted that every Item on the balance sheet will Increase by 16 percent as well. Create the pro forma statements and reconcile them. (Input ell enswers es positive values. Do not round Intermedlate calculations.) Pro forma income statement Pro forma balance sheet Sales Assets Debt Costs Equity Net income Total Total What Is the plug varlable? The plug variable is in the amount of