Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales Costs $46,800 36,2_o Taxable income Taxes (21%) $ 10,600 2,226 Net income $ 8,374 Dividends Addition to retained earnings $3,400 4,974 The projected sales growth rate is 19 percent. Prepare a pro forma income statement assuming costs vary with sales and the dividend payout ratio is constant. (Input all answers as positive values. Do not round intermediate calculations.) Answer is complete but not entirely correct. HEIR JORDAN CORPORATION vvvvvvvvvvvvvvv vui v ! % Answer is complete but not entirely correct. HEIR JORDAN CORPORATION Pro Forma Income Statement Sales $ 54,288 X Costs 41,992 Taxable income $ 12,296 X Taxes 2,582 X Net income 9,714 X $ What is the projected addition to retained earnings? (Do not round intermediate calculations.) Addition to retained earnings