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Consider the following income statement for the Heir Jordan Corporation: The balance sheet for the Heir Jordan Corporation follows. HEIR JORDAN CORPORATION Balance Sheet Liabilities

Consider the following income statement for the Heir Jordan Corporation:
The balance sheet for the Heir Jordan Corporation follows.
HEIR JORDAN CORPORATION
Balance Sheet
Liabilities and Owners' Equity
Current assets
Current liabilities
Cash
Accounts receivable 2,550
3,800
Accounts payable
$
Assets
$
Accounts payable
[$],[2,400],[5,100],[$7,500],[$]
Fixed assets
Notes payable
Inventory ,9,000
Total
Total
15,350
Long-term debt
Owners' equity
Net plant and
equipment
$
Common stock and paid-in
surplus
$
Total assets
$
Total liabilities and owners'
equity
53,350
Prepare a pro forma balance sheet, assuming an increase in sales of 15
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.)
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