Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement $46,800 36,200 Sales Costs Taxable income Taxes (35%) $ 10,600 3,710 Net income $ 6,890 $2,519 Dividends Addition to retained earnings 4.371 The balance sheet for the Heir Jordan Corporation follows. HEIR JORDAN CORPORATION Balance Sheet Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 2,750 Accounts payable $ 2,400 Accounts receivable 3,400 Notes payable 5,500 Inventory 9,000 Total $ 7,900 Total $ 15,150 Long-term debt $24,000 Owners' equity Assets Current assets Cash Accounts receivable Balance Sheet Liabilities and Owners' Equity Current liabilities $ 2,750 Accounts payable $ 2,400 3,400 Notes payable 5,500 Inventory 9,000 Total $ 7,900 Total $ 15,150 Long-term debt $24,000 Owners' equity Common stock and paid-in surplus Retained earnings Fixed assets Net plant and equipment $20,000 $38,800 2,050 Total $22,050 Total assets $53,950 Total liabilities and owners' equity $53,950 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 :-LAI::-- - 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.) Assets Current assets Cash Accounts receivable Inventory HEIR JORDAN CORPORATION Pro Forma Balance Sheet Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity Total Fixed assets Net plant and equipment Total assets 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.)