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 $28,000

Using the financial information for Gerrard Corp. below create the pro

Using the financial information for Gerrard Corp. below create the pro forma financial statements and reconcile them assuming no income taxes. Income Statement Sales $28,000 Assets Costs 14,000 Net income $14,000 Total Balance Sheet $10,400 Debt Equity $10,400 Total $5,100 5,300 $10,400 The company 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. Compute the plug variable here?for Gerrard Corp. Multiple Choice $14,844 0 $14,849 $24,560 0 $14,854 $14,870

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