Consider the following income statement for the Heir Jordan Company. A 20 percent growth rate in sales is projected. Prepare a pro forma income stantement assuming costs vary with sales and the dividend payout ratio is constant. What is the projected addition to retained earnings?

(Use cells A6 to B14 from the given information to complete this question.)

(Use cells A6 to B14 from the given information to complete this question.) Output area: Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work Nothing in this area will be graded, but it will be submitted with your assignment