Consider the following income statement for the Heir Jordan Corporation: 38 HEIR JORDAN CORPORATION Income Statement Sales Costs $ 53,000 40,900 10 points Taxable income Taxes (22%) $ 12,100 2,662 Skipped Net income $ 9,438 Print Dividends Addition to retained earnings $ 3,500 5,938 The balance sheet for the Heir Jordan Corporation follows. References Assets Current assets Cash Accounts receivable HEIR JORDAN CORPORATION Balance Sheet Liabilities and Owners' Equity Current liabilities $ 3,140 Accounts payable 4,200 Notes payable $ 2,600 5,700 Inventory 6,500 Total $ 8,300 Total $ 13,840 Long-term debt $ 28,000 Fixed assets Owners' equity Common stock and paid-in surplus Retained earnings $ 5,000 Net plant and equipment $ 43,200 15,740 Total $ 20,740 Total assets $ 57,040 Total liabilities and owners' equity $ 57,040 Total $ 13,840 Long-term debt $ 28,000 38 Fixed assets Owners' equity Common stock and paid-in surplus Retained earnings $ 5,000 Net plant and equipment $ 43,200 15,740 Total $ 20,740 10 points Total assets $ 57,040 Total liabilities and owners' equity $ 57,040 Skipped Prepare a pro forma balance sheet, assuming a sales increase 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.) Print o HEIR JORDAN CORPORATION References Pro Forma Balance Sheet Assets Liabilities and Owners' Equity Current assets Current liabilities Cash Accounts payable Accounts receivable Notes payable Inventory Total current liabilities Total current assets Long-term debt Owners' equity Fixed assets Common stock and paid-in surplus Net plant and equipment Retained earnings Total owner's equity Total assets Total liabilities and owners' equity Calculate the EFN. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) EFN