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 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 $10,200 Debt Equity $10,200 Total $6,000 4,200 $10,200 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
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