Consider the following income statement for the Heir Jordan Corporation:

The projected sales growth rate is $18$ percent. Prepare a pro forma income statement assuming costs vary with sales and the

payout ratio is constant.

Note: Do not round intermediate calculations and round your answers to the nearest whole number, e$.$g$.,32.$

What is the projected addition to retained earnings?

Note: Do not round intermediate calculations and round your answer to the nearest whole number, e$.$g$.,32.$

Addition to retained earnings