Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales Cost $47,000 31,300 Taxable income Taxes (35%) $15,700 5,495 Net income $10,205 $2,500 Dividends Addition to retained 7,705 earnings The balance sheet for the Heir Jordan Corporation follows. HEIR JORDAN CORPORATION Balance Sheet Assets Liabilities and Owners' Equity Current assets Current liabilities Cash Accounts receivable $ 2,950 Accounts payable Notes payable $ 2,400 5,400 7,800 $28,000 $15,000 3,950 $18,950 54,750 4,100 6,400 $13,450 Inventory Total Total Long-term debt Owners' equity Common stock and paid-in surplus Fixed assets Net plant and equipment $41,300 Retained earnings Total Total liabilities and owners' Total assets $54,750 equity Prepare a pro forma balance sheet, assuming a 15 percent increase in sales, no new external debt or equity financing, and a constant payout ratio. (Round your answers to 2 decimal places. (e.g., 32.16)) HEIR JORDAN CORPORATION Pro Forma Balance Sheet Assets Liabilities and Owners' Equity Current assets Current liabilities $3392.50Accounts payable Cash Accounts receivable 2760 715 Notes payable Inventory 7360 Total Total 0Long-term debt 15467.50 Owners' equity Common stock and paid-in Fixed assets surplus Net plant and equipment 47495 Retained earnings Total Total liabilities and owners' Total assets equity Calculate the EFN. (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places. (e.g., 32.16)) EFN