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1. Consider the following simplified financial statements for York Corporation. The company has predicted a sales...

1. Consider the following simplified financial statements for York Corporation. The company has predicted a sales increase of 15%. It has predicted that every item on the balance sheet will increase by 15% as well. Create the pro forma statements = and reconcile them. Income Statement Balance Sheet Sales $36,000 Cost of Goods 29,800 Net Income 6,200 Assets 26,400 Debt 6,300 Equity 20,100 Total Assets 26,400 Total Liab’s & Equity 26,400

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