Consider the following income statement for the Heir Jordan Corporation:

HEIR JORDAN CORPORATION Income Statement 542,000 33,000 Sales Costs 5 9,000 2.700 Taxable income Taxes (30%) Net income 5 6,300 5 1,500 4.800 Dividends Addition to retained earnings The projected sales growth rate is 15 percent. Prepare a pro forma income statement assuming costs vary with sales and the dividend payout ratio is constant. (Input all amounts as postive values. Do not round intermediate calculations.) HEIR JORDAN CORPORATION Pro Forma Income Statement Sales Costs Taxable income Taxes Net income What is the projected addition to retained earnings? (Do not round intermediate calculations.) Addition to retained earnings