Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement $48,500 34,500 Sales Costs $14,000 3,500 Taxable income Taxes (25%) $10,500 Net income $2,900 Dividends Addition to retained 7,600 earnings The projected sales growth rate is 14 percent. Prepare a pro forma income statement assuming costs vary with sales and the dividend payout ratio is constant. (Input all answers as positive values. Do not round intermediate calculations.) Prepare a pro forma income statement assuming costs vary with sales and the dividend payout ratio is constant. (lnput all answers as positive values. Do not round intermediate calculations.) HEIR JORDAN CORPORATION Pro Forma Income Statement Sales Costs Taxable income Taxes Net income What is the projected addition to retained earnings? (Do not round intermediate calculations.) Addition to retained earnings