Consider the following income statement for the Heir Jordan Corporation:

HEIR JORDAN CORPORATION

Income Statement

Sales $ $48,200$

Cost $34,000$

Taxable income $ $14,200$

Taxes $(23\%)3,266$

Net income $ $10,934$

Dividends $ $2,511$

Addition to retained earnings $8,423$

The balance sheet for the Heir Jordan Corporation follows.

HEIR JORDAN CORPORATION

Balance Sheet

Assets Liabilities and Owners$$ Equity

Current assets Current liabilities

Cash $ $2,350$ Accounts payable $ $4,000$

Accounts receivable $5,300$ Notes payable $8,200$

Inventory $9,000$ Total $ $12,200$

Total $ $16,650$ Long$-$term debt $ $21,000$

Owners$$ equity

Fixed assets Common stock and paid$-$in surplus $ $12,000$

Net plant and equipment $ $37,200$ Retained earnings $8,650$

Total $ $20,650$

Total assets $ $53,850$ Total liabilities and owners$$ equity $ $53,850$

Prepare a pro forma balance sheet, assuming an increase in sales of $10$ percent, no new external debt or equity financing, and a constant payout ratio.

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Calculate the EFN.

Note: 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$.,32\mathrm{.}16.$