Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales Cost $48,800 34,800 Taxable income $ 14,000 3,080 Taxes (22%) Net income $ 10,920 $2,517 8,403 Dividends Addition to retained earnings The balance sheet fort ces The balance sheet for the Heir Jordan Corporation follows. HEIR JORDAN CORPORATION Balance Sheet Assets Current assets Current liabilities Cash $ 2,650 Accounts receivable 3,600 Inventory 9,000 Total $ 15,250 Fixed assets $ 38,400 53,650 Net plant and equipment Total assets Liabilities and Owners' Equity Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity $ 2,400 5,300 $ 7,700 $ 24,000 $ 18,000 3,950 $ 21,950 $ 53.650 Prepare a pro forma balance sheet, assuming an increase in sales of 12 percent, 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.) HEIR JORDAN CORPORATION Pro Forma Balance Sheet Assets Liabilities and Owners' Equity Current assets Current liabilities Cash Accounts receivable Inventory Total current assets Net plant and equipment Total assets Fixed assets Accounts payable Notes payable Total current liabilities Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total owner's equity Total abilities and owners' equity uny Calculate the EFN. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g.. 32.16.) EFN