Problem 4-2 Pro Forma Statements and EFN [LO1, 2] Consider the following simplified financial statements for the Wesney Corporation (assuming no income taxes): Income Statement $ Sales 32,800 Costs 26,290 Assets Balance Sheet $ Debt 25,950 Equity $ 6,450 19,500 Net income $ 6,510 Total $ 25,950 Total $ 25,950 The company has predicted a sales increase of 12 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.) Assets Pro forma income statement Sales Costs Net income Pro forma balance sheet Debt Equity Total Debt and Equity Total Assets 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.) External financing needed