Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales Costs $48,500 34,500 Taxable income Taxes (35%) $14,000 4,900 Net income $ 9,100 Dividends Addition to retained earnings $2,900 6,200 The projected sales growth rate is 12 percent. Prepare a pro forma income statement assuming costs vary with sales and the dividend payout ratio is constant. (Input all amounts as positive values. Do not round intermediate calculations.) HEIR JORDAN CORPORATION Pro Forma Income Statement Sales Costs Taxable income Taxes Net income