ces Consider the following statement of comprehensive income for the Dartmoor Corporation: DARTMOOR CORPORATION Statement of Comprehensive Income Sales Costs $47,000 31,300 Taxable income $15,700 Taxes (35%) 5,495 Net income $10,205 Dividends $2,500 Addition to retained earnings 7,705 The statement of financial position for the Dartmoor Corporation follows. DARTMOOR CORPORATION Statement of Financial Position Assets Current assets Current liabilities Cash $ 2,950 Accounts receivable Accounts payable Notes payable 4,100 Inventory 6,400 Total Total $13,450 Long-term debt 7 of 9 # $ 2,400 5,400 $ 7,800 $28,000 1 DARTMOOR CORPORATION Statement of Financial Position $ 2,950 Current liabilities Accounts payable Notes payable $ 2,400 Accounts receivable 4,100 5,400 Inventory 6,400 Total $ 7,800 Total $13,450 Long-term debt $28,000 Total Liabilities $35,800 Owners' equity Fixed assets Net plant and equipment $41,300 Common stock and paid-in surplus Retained earnings $15,000 3,950 Total $18,950 ces Total assets $54,750 Total liabilities and owners' equity $54,750 Prepare a pro forma statement of financial position, assuming a 15% increase in sales, no new external debt or equity financing, and a constant payout ratio. (Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit $ sign in your response.) DARTMOOR CORPORATION Pro Forma Statement of Financial Position Assets Liabilities and Owners' Equity Current assets Cash Current liabilities Accounts cavable Current assets Cash Assets Liabilities and Owners' Equity Check my work Check my work Prepare a pro forma statement of financial position, assuming a 15% increase in sales, no new external debt or equity financing, and a constant payout ratio. (Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit $ sign in your response.) DARTMOOR CORPORATION Pro Forma Statement of Financial Position Assets Liabilities and Owners' Equity Current assets Cash $ Current liabilities Accounts payable Notes payable $ Accounts receivable Inventory Total Total Long-term debt Owners' equity Fixed assets Common stock and paid-in surplus Net plant and equipment Retained earnings Total $ Total assets S Total liabilities and owners' equity Calculate the EFN. (Do not round intermediate calculations. Negative answer should be indicated by a minus sign. Round the final answer to 2 decimal places. Omit $ sign in your response.) EFN $ $