Consider the following income statement for the Heir Jordan Corporation:

HEIR JORDAN CORPORATION
Income Statement
Sales		$ 43,500
Cost		34,100
Taxable income		$ 9,400
Taxes (24%)		2,256
Net income		$ 7,144
Dividends	$ 2,515
Addition to retained earnings	4,629

The balance sheet for the Heir Jordan Corporation follows.

HEIR JORDAN CORPORATION
Balance Sheet
Assets		Liabilities and Owners Equity
Current assets		Current liabilities
Cash	$ 2,550	Accounts payable	$ 2,400
Accounts receivable	3,800	Notes payable	5,100
Inventory	9,000	Total	$ 7,500
Total	$ 15,350	Long-term debt	$ 24,000
		Owners equity
Fixed assets		Common stock and paid-in surplus	$ 16,000
Net plant and equipment	$ 38,000	Retained earnings	5,850
		Total	$ 21,850
Total assets	$ 53,350	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.