Consider the following income statement for the Heir Jordan Corporation:

HEIR JORDAN CORPORATION

Income Statement

Sales $ $42,000$

Cost $33,000$

Taxable income $ $9,000$

Taxes $(21\%)1,890$

Net income $ $7,110$

Dividends $ $2,500$

Addition to retained earnings $4,610$

The balance sheet for the Heir Jordan Corporation follows.

HEIR JORDAN CORPORATION

Balance Sheet

Assets Liabilities and Owners$$ Equity

Current assets Current liabilities

Cash $ $3,000$ Accounts payable $ $2,400$

Accounts receivable $4,200$ Notes payable $4,000$

Inventory $6,400$ Total $ $6,400$

Total $ $13,600$ Long$-$term debt $ $28,000$

Owners$$ equity

Fixed assets Common stock and paid$-$in surplus $ $10,000$

Net plant and equipment $ $35,000$ Retained earnings $4,200$

Total $ $14,200$

Total assets $ $48,600$ Total liabilities and owners$$ equity $ $48,600$

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$.,32\mathrm{.}16.)$

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$.,32\mathrm{.}16.)$