Consider the following income statement for the Heir Jordan Corporation:

HEIR JORDAN CORPORATION Income Statement
Sales					$	48,500
Costs						34,500
Taxable income					$	14,000
Taxes (35%)						4,900
Net income					$	9,100
Dividends	$	2,900
Addition to retained earnings		6,200

The balance sheet for the Heir Jordan Corporation follows.

HEIR JORDAN CORPORATION Balance Sheet
Assets				Liabilities and Owners Equity
Current assets				Current liabilities
Cash	$	2,500		Accounts payable	$	2,400
Accounts receivable		3,900		Notes payable		5,000
Inventory		9,000		Total	$	7,400
Total	$	15,400		Long-term debt	$	24,000
				Owners equity
Fixed assets				Common stock and paid-in surplus	$	15,000
Net plant and equipment	$	37,800		Retained earnings		6,800
				Total	$	21,800
Total assets	$	53,200		Total liabilities and owners equity	$	53,200

1.

Prepare a pro forma balance sheet, assuming a 10 percent increase in sales, no new external debt or equity financing, and a constant payout ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

2.

Calculate the EFN. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)