Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales $45,600 Costs 35,200 Taxable income Taxes (23%) $ 10,400 2,392 Net income $ 8,008 Dividends Addition to retained earnings $2,507 5,501 The balance sheet for the Heir Jordan Corporation follows. HEIR JORDAN CORPORATION Balance Sheet Liabilities and Owners' Equity Current liabilities Assets Current accete 5 The balance sheet for the Heir Jordan Corporation follows. HEIR JORDAN CORPORATION Balance Sheet Liabilities and Owners' Equity Current liabilities $ 2,150 Accounts payable $ 2,400 4,900 Notes payable 5,000 Assets Current assets Cash Accounts receivable ts eBook Inventory 8,000 Total $ 7,400 Terences Total $ 15,050 Long-term debt $22,000 Owners' equity Common stock and paid-in surplus Retained earnings Fixed assets Net plant and equipment $ 17,000 $36,400 5,050 Total $22,050 Total assets $ 51,450 Total liabilities and owners' equity $ 51,450 Prepare a pro forma balance sheet, assuming an increase in sales of 16 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.) Assets Current assets Cash Accounts receivable Inventory Total HEIR JORDAN CORPORATION Pro Forma Balance Sheet Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity Fixed assets Net plant and equipment Total assets arch o DI Total assets Total Total liabilities and owners' equity es Calculate the EFN. (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., 32.16.) EFN e to search O