Consider the following income statement for the Heir Jordan Corporation: 21 HEIR JORDAN CORPORATION Income Statement 10 points Sales Costs $42,900 33,900 Taxable income Taxes (21%) $ 9,000 1,890 eBook Print Net income $ 7110 References $2,400 Dividends Addition to retained earnings 4,710 The projected sales growth rate is 17 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.) Book Print The projected sales growth rate is 17 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.) ferences HEIR JORDAN CORPORATION Pro Forma Income Statement Sales Costs Taxable income Taxes Net income