3. 200 points 2.00 points Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales Costs $43,200 34,000 Taxable income Taxes (35%) $ 9,200 3,220 Net income $ 5,980 Dividends $ 2,700 Addition to retained earnings 3,280 The projected sales growth rate is 15 percent. Prepare a pro forma income statement assuming costs vary with sales and the dividend payout ratio is constant HEIR JORDAN CORPORATION Pro Forma Income Statement Sales Costs 6480 5100 Taxable income Taxes Net income at is the projected addition to retained earnings? Retained eamings references ebook & resources Wh