Consider the following simplified financial statements for theFire Corporation (assuming no income taxes):
| Income Statement |
| Â Â Sales | $38318 |
| Â Â Costs | $24483 |
| Balance Sheet |
| Â Â Assets | $56924 | Â Â Debt | $37803 |
| | Equity | ? |
The company has predicted a sales increase of 14 percent. It haspredicted that every item on the balance sheet will increase by 14percent as well.
What is the pro forma net income?
