Question: Using the financial information for Gerrard Corp. below create the pro forma financial statements and reconcile them assuming no income taxes. Income Statement Sales $21,000

Using the financial information for Gerrard Corp. below create the pro forma financial statements and reconcile them assuming no income taxes. Income Statement Sales $21,000 Assets Costs 13,900 Net income $7,100 Total Balance Sheet $10,000 Debt Equity $10,000 Total $4,700 5,300 $10,000 The company has predicted a sales increase of 11 percent. It has predicted that every item on the balance sheet will increase by 11 percent as well. Compute the plug variable here?for Gerrard Corp. Multiple Choice $7,298 O $7,269 $7,281 o $16,181 $7,275
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