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Consider the following income statement for the Heir Jordan Corporation HEIR JORDAN CORPORATION Income Statement Sales $49.000 Cost 40.300 Taxable income $ 8700 Taxes (223

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Consider the following income statement for the Heir Jordan Corporation HEIR JORDAN CORPORATION Income Statement Sales $49.000 Cost 40.300 Taxable income $ 8700 Taxes (223 1914 Not Income $ 6786 Dividends Addition to retained earning $2.400 4386 5.400 The balance sheet for the Hel Jordan Corporation follows HEIR JORDAN CORPORATION Balance Sheet Assets Liabilities and Owners' Equity Current Currenties Cash $ 2950 Accounts payable $ 2,400 Accounts receivable 4300 Notes payable Inventory 6.400 Total $ 7800 Total $18.450 Long term debt $28.000 Owens equity Poud asse Common stock and paid $ 15.000 surplus Not plant and $41,300 Retained carrings outpment Total $18.950 3,950 Total acts $54.750 Total abies and owners equity $54.750 Prepare a pro forma balance sheet, assuming a sales increase of 15 percent, no new external debtor quity financing, and a constant payout Do not found Intermediate calculations and round your answers to 2 decimal places, co.32.16) HER JONDAN CORPORATION ProForma Balance Sheet ca 5 Currentes AGO 2015 2600 500.00 TOTO 5 1 1

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