Using the financial information for Gerrard Corp.

Multiple Choice $9,980 $9,954 $9,960 $9,947 $19,192

Using the financial information for Gerrard Corp. below create the pro forma financial statements and reconcile them assuming no income taxes. Income Statement Sales $22,000 Assets Costs 12,500 Net income $9,500 Total Balance Sheet $10,400 Debt Equity $10,400 Total $4,900 5,500 $10,400 The company has predicted a sales increase of 12 percent. It has predicted that every item on the balance sheet will increase by 12 percent as well. Compute the plug variable here?for Gerrard Corp